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Friday, March 31, 2023

Fuels maintain their price in March

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With January and February without significant changes —the year began with a drop in local prices, which reflected the drop in oil in international markets—, it was expected that March would not mean significant adjustments in fuel prices either.

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Likewise, to the international situation that seems to be reaching a stabilization point, we must add the internal factor of the good cash of the National Administration of Fuels, Alcohol and Portland (Ancap)which supports prices in Uruguay so that sudden changes do not impact the pocket of final consumers.

Expectations for March

The fact that the government maintained no modifications Fuel prices in March were already expected because oil values ​​remained similar to those of January and after considering that Ancap has enough income to amortize the freeze.

Not having made price adjustments in February, the rates were below the Import Parity Price (PPI), that is, what gasoline and refined diesel should be worth according to international parameters. Something that, it was expected, in March could be offset against a possible drop in the PPI that was not accompanied by the drop in local prices.

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The Executive had already maintained fuel prices in February despite the fact that the report from the Regulatory Unit for Energy and Water Services (Ursea) indicated that rates should increase, with the exception of supergas, which increased 10 pesos per kilo. On this occasion, this fuel also remained unchanged.

Source: Ambito

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