Different oil companies operating in the country applied new increases at fuel price that are around 5%. Meanwhile, YPF defines the scheme of the new rises before The increase in oil value following the war conflict – Starring Israel and Iran – in the Middle East.
In detail, the company Puma applied the increase since midnight on Friday. For its part, Shell also reflected a rise in his waters.
New fuel increase: oil companies confirm a 5% rise
Product of the conflict in the Middle East, the oil sector provides remarks in the prices of gasoline and diesel during the next few days. The first to update its prices was Pumawhich since this Saturday implemented the increase in its entire network of service stations.
The second to reflect the increase was the British Shell that decided to move forward with the same scheme initiated by Puma.
On the other hand, according to sources in the sector, YPF – The company that has the highest market share – is in the process of evaluating which percentage of increase apply And, for now, he did not accompany the first increases in the sector. From the national oil company, the new scheme of values diagramn based on the changes in the value of the oil of recent days, the monthly devaluation and the application of taxes. Behind awaits Pan American Energy to define the situation in axion.
Looking ahead, sources in the sector also revealed that, in the event that YPF applies an increase less than 5%, the other oil companies that dawned this Saturday with increases retroacher part of the correction not to be barefoot in the market.
Petroleum increase
Since the beginning of June, the price of oil registered an increase exceeding 20%, from $ 63 to $ 77 per barrel in the case of Brent, the reference taken in Argentina.
Last Friday, the value closed on low, although he completed his third consecutive week on the rise. Price moderation occurred after the White House postponed a definition of a Possible United States intervention in the conflict between Israel and Iran.
Brent, global reference, retreated 2.3% and ended at US $ 77.01 per barrel. However, it accumulated a weekly increase in 3.6%. Meanwhile, the American crude with near maturity – which did not operate on Thursday for a holiday in the US and won on Friday – 0.28%fell, Au $ S74.93, although He advanced 2.7% in the week, according to Reuters.
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On Thursday, prices had climbed about 3% after Israel attacked nuclear facilities in Iran. In response, Tehran – Third Major Producer of the Organization of Petroleum Exporting Countries (OPEC) – launched missiles and drones against Israeli territory. A week after the start of the climb, none of the parties gave signs of giving in.
Brent’s profits were moderated after the White House announcement that President Donald Trump will define in the next two weeks if the United States is involved in the conflict. “However, while Israel and Iran continue to face, there can always be an unforeseen action that intensifies the conflict and affects the oil infrastructure,” John Evans, PVM analyst warned.
Source: Ambito
