Regarding the transport of loads, Although fuel is important and the agreement gives predictability to one of the most important costs in the sector, there are other costs that have not been resolved.: because the tolls are going to increase, the tires are expensive, incorporating spare parts is being complicated and expensive”, Damián Di Pace, director of Focus Market, told Ámbito.
“If we do not resolve these complications that surround the transportation of land cargo, and give it greater predictability in the future, it is difficult to lower these levels of increases. Because the fuel may increase as stated in the agreement, but the rest is going to go up well above what the fuel is increasing. So, it will end up having an impact on the transportation fee. Which, ultimately, is the cost of distributing the goods that are sought to be stabilized in the market for the next four months,” added the analyst.
It is that, beyond the rise in fuels, the report highlights that the items that increased the most during the past month were “personal” (29%) Y “financial cost” (10.9%). In the interannual comparison, added the study, the fuel had an increase of 96%.
“The Government tries to give predictability to the variation of prices in the internal market for the next quarter. In the case of Cargo Transportation, the Fair Prices program was agreed, which sets a cap of 4% monthly increase in gasoline and diesel until March 2023. In turn, seeks the same agreement for disseminated inputs. In the preview, freight transportation costs exceed 3 digits year-on-year above average inflation,” Di Pace said.
Another aspect that the study highlights is that as of this year, a certificate or homologation is required when a change is made to the vehicle to carry out cargo transportation. “Each cargo transport must carry out vehicle verification in only mechanical workshops approved for this purpose. Each certification costs from $20,000 to $30,000. In turn, then each transport unit has to do after the Mandatory Technical Review with an additional cost. In a country where 93% of transportation is by land, bureaucracy adds economic costs and reduces our economy’s productivity and competitiveness even more,” concluded the director of Focus Market.
Increases in December
As the government agreed with the oil companies, in the first days of December, fuels increased 4% throughout the country. Although it will impact transportation costs and will be transferred to general inflation, it will be to a lesser extent than the previous month, when the fuel category climbed more than 8% for cargo transportation.
The Government had established a maximum of 4% rise for four months. After the measure, the sixth price update so far in 2022 by the different oil companies arrived.
The decision to put a cap to fuel increases was taken the last week of November and it had the signature of the Minister of Economy Sergio Massa and the leaders of the main oil companies, who offered their commitment in exchange for the Government’s promise that they would have access to dollars to obtain supplies and defer fuel taxes.
As stipulated, with the plan’s idea of incorporating fuels into the Fair Prices program, gasoline and diesel may rise up to 4% in December, January and February, but up to 3.8% is allowed in March .
Source: Ambito
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