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YPF does not rule out an increase in gasoline in the short term

YPF does not rule out an increase in gasoline in the short term

In this framework, the company did not rule out a possible increase “in the short term” for gasoline. “In diesel we are more comfortable, but there was no increase in gasoline in June,” they said. It is worth remembering that the last increase in gasoline was in May, 11.5% and they accumulate an adjustment of 30% far from the accumulated inflation in the first six months of the year.

“We hope to be able to introduce price adjustments in gasoline in the short term to follow the devaluation of the dollar”acknowledged Iuliano and Alejandro Lew at the conference with investors.

Dollar

In another order, the questions were directed towards the expectations with the exchange rate. From YPF they highlighted that there are “inflationary pressures in pesos and a slow level of devaluation that translates into pressures in dollars” and affirmed that “inflation is expected to continue above devaluation” ruling out a jump in the dollar.

Balance

The company Fiscal Oil Fields (YPF) communicated a recovery in their financial situation by reporting a net profit of $94,063 million. In this way, it managed to overcome the fall of $46,262 million recorded in the same period last year.

The adjusted EBITDA of the state-owned oil company reached US$1,500 million, so that it managed to consolidate a net profit of $94,063 million, which allows it to overcome the sharp drop reported a year ago, when it registered a total loss of more than $46,000. millions.

When communicating the recent balance, from the company they stated that the positive results will allow them not only to advance in the execution of investments planned for the current year, but also increase the estimated volume by 10%.

So far, a total of US$1.7 billion has been invested, which represents an increase of more than 55% compared to the same period in 2021. With the increase in investments announced this afternoon, the total disbursement could exceed US$4. 000 million, 50% more than last year.

According to forecasts made by the company, the investment would allow it to grow an additional point in annual hydrocarbon production. If this estimate materializes, it would reach 9% compared to 2021, which would represent the highest organic growth in the last quarter century.

Currently, the total production of hydrocarbons is located at 504 thousand barrels equivalent per day, according to the balance that exposes data from the second quarter. This represents a rise of 9% year-on-yearwith a rise of 7% for crude oil and 10% for gas, they explained.

With regard to the sale of fuels, the domestic sales were 12.5% ​​higher than the second quarter of 2019when the Covid-19 pandemic had not yet impacted the sector.

As for diesel, they stated that “a historical supply record was registered, which was supplied through increases in the production levels of the three Industrial Complexes.”

Source: Ambito

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