Since on Thursday, May 1, the Reduction of fuel prices of the company Fiscal oil deposits (YPF)who announced a 4.5% about the values of gasoline and diesel. Now it is expected to know the definition of three other companies in the market: Axion, Shell and Puma.
The decision of YPF It arises after the descending movement of the price of oil last March, where It was reduced 15% since the end of that month, with the decrease in the value of the barrel of US $ 74.98 au $ S63.60.
In that framework, the national companyHe informed that he made a “constant monitoring of key variables to define his price policy” and that he took into account to apply the reduction “The international value of the Brent, the exchange rate, the tax burden and the price of biofuels.”
Fuel prices in YPF
After the last reduction, the values of the YPF fuels They were as follows:
- Super gasoline: $ 1170.
- Premium gasoline: $ 1386.
- Gasail: $ 1173.
- Premium diesel: $ 1354.
YPF fuel decline
By announcing the decline in fuels, YPF He issued a statement where he assures that “he meets the commitment assumed to offer products of the highest quality in the market and with the Price agreement with their consumers. “
The last increase applied by YPF was 1.7% average nationwide on April 1below 1.9% in March. The increases responded mainly to the update of the Liquid Fuel Tax and the carbon dioxide, in addition to internal cost adjustments.
“Prices are not tied to inflation,” Horacio Marín, director of the oil company, clarified, referring to the March CPI data (3.7%), and said that fuels are adjusted according to the price of international crude oil, the tax burden and the exchange rate.
In relation to the price structureThe YPF Executive indicated that the value of fuels in Argentina is very close to the import level of Parity —The international price reference – with a difference of just 1%. He also stressed that there are provinces and cities where there are still price distortions that the oil company is trying to correct.
At the moment, The price of the liter of gasoline in Argentina is around US $1,1placing the country as the third most expensive in South America, only behind Uruguay (US $ 1,8) and Chile (U $ S1,2), according to international data.
Source: Ambito
