the oil company rooten Argentina, licensee of Shell, and Cougarof transfigureincreased the prices of wholesale fuels and it is expected that in the next few days this adjustment will reach the pumps, although in some inland towns it has already become effective.
At the same time, as this medium was able to learn, the economic team of Sergio Massa began a round of contacts with executives from oil and refining companies to analyze the future of gasoline and diesel in the plan Fair Prices.
According to reports from the interior of the country, the increase applied from this Tuesday -after the elections STEP and the official dollar devaluation– is from between 5% and 6%. As always happens, the rest of the companies such as YPF, Axion (PAE) and Voy con Energía (Kalpa Group) were waiting to make decisions. Sources from the majority state oil company confided to Ambit that for now there are no planned increases.
For the companies, the devaluation of the official exchange rate was decisive in advancing this increase. According to stationers consulted by Ámbito, the oil companies “First they adjusted wholesale prices by 25%”, a decision that will affect stations without brands, which must be provided with a distributor, causing a strong gap with their flagship competitors.
“The companies, however, will pay more attention to the delivery volumes to the stations with which they have a commercial contract, which will somehow lead to shortages in the white segment,” they warned.
In some places like Cordoba, Mendoza and Rosariothe price increase was around $15 per liter. Premium version of rooten already paid above $350 per liter, equivalent to 1 official dollar and 0.50 blue dollars. With this escalation, Argentina remains on the list of countries with the lowest fuel in the world: they have the most expensive Hong Kong ($3,051) and Iceland (u$s2,329) and the cheapest are from Iran (US$0.029) and Venezuela (US$0.004), according to Global Petrol Price.
The last increase in gasoline had been registered on August 1. and had been around 4.5%. However, in the sector they assure that despite this last increase in the first eight months of the year the price of fuels is still about 20 points below official inflation. It is that from January to August, with two quarters of validity of Fair Priceson the slopes gasoline and diesel increased by an average 40.7%.
Official sources confirmed to this medium the Secretary of Energy plans to summon the managers of fuels to the fuel negotiation table in the next few hours YPF, PAE, Raízen and Transfigura to coordinate the increase guidelines for the next four-month period with which the Government’s management would close. Everything indicates that the meeting would be headed by Guillermo Michel, the head of Customs and the new head of the price agreement negotiating unit created by Massa.
Source: Ambito
