The value of liquid fuels is behind compared to the rest of the prices in the economy, the volume sold during July 2022 is not enough to recover the billing levels, adjusted for inflation, of four years ago. A) Yes, billing in July 2022, adjusted for inflation, was 3.8% lower than that recorded in July 2018.
This indicates that the operators of the sale of fuels in Argentina lost since 2018 the equivalent of 4.9 months of sales and 5.5 months of billing. The current trend, with lower volumes and delayed prices, does not contribute to recovering the volumes and turnover lost in the last 4 years.
Compared to the rest of the prices in the economy, it can be seen that from June 2021 to July 2022 the price of super gasoline rose 39.3%while the price of fresh milk in sachet increased 69.1%. The Consumer Price Index did the same by 76%food did so in 76.2% and French bread, 79.3%.
The international energy prices they are still high since the outbreak of the war in Ukraine, which prompted an energy crisis in particular in Europe, which seeks to contain the weight of energy prices in the cost of living of its inhabitants. In comparison with the international prices from other countries in the regionsuper naphtha in Argentina is US$1,022 per liter, below that of the United States (US$1,110), Brazil (US$1,156), Mexico (US$1,198), Paraguay (US$1,198), $s1,409) or Uruguay (us$2,015).
In the world it also shows a trend towards the fall in oil demand, offset by the reactivation of demand China due to the drop in restrictions due to Covid-19.
Source: Ambito
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