Gasolines fell between 3.80% and 3.91%, according to PPI figures. Diesel and supergas fell more than 9%.
Fuel prices should suffer a reduction from June, taking into account the data published by the Regulatory Unit for Energy and Water Services (Ursea) in the latest report on Import Parity Prices (PPI)with decreases in all items when compared to April.
Thus, the values of the Super 95 naphtha fell 3.91% with respect to last month, while the same occurs with the Premium 97 naphtha, which showed a decrease of 3.80% during May, according to PPI, data known in the last hours and that the government is already beginning to analyze.
Steeper is the rebate for the diesel 50S, that between this month and last month it depreciated 9.32%, very similar to 9.31% that the diesel 10S. Meanwhile, the decline for the supergas, I stay 9.76% cheaper than in April.
The drop in fuels, close to materializing
Taking these data into account, the government is analyzing to confirm in the next few hours a low in fuel prices, although it is expected to be at a lower percentage of the reference values set by the PPI, which does not account for tax, distribution and sales expenses.
The price of crude oil in recent days accompanies this setback, since this month Brent oil fell 10% and it went from costing 85 dollars the barrel, worth it 76 dollars. Analyzing these variables, according to Telemundo, the drop would be “significant” for diesel, while the government hesitates between keeping gasoline frozen or also granting a setback.
Maintenance at the La Teja plant raises questions
It is that the Executive that heads President Luis Lacalle Pou should analyze the scheduled maintenance shutdown at the La Teja refinery in September. It is the plant National Administration of Fuel, Alcohol and Portland (Ancap) that has been “subsidizing” the differences with the reference values.
The margins generated by the plant have allowed Ancap to keep prices stable up to now, even at a time when rates should have risen without losing money. This is why the pause generates concern for the oil company.
There are two aspects to take into account, since the first is the significant reduction in income that Ancap will have, which will also greatly reduce its financial back and its ability to continue avoiding the transfer of reference values to the local market.
To this is added the increase in expenses that the state company will have to face the work itself and the need for imports necessary to satisfy domestic demand. This is not counting the potential risks of increased salinity in the water, which increases the possibility of corrosion of the pipes of the refinery boilers.
Source: Ambito
