He Executive power decided the second rise in fuels so far this year, which applies as of today throughout Uruguay, and the president of the National Administration of Fuels, Alcohol and Portland (Ancap), Alejandro Sitpanicic, warned that the state oil company will no longer be able to contain the increase in prices if the international reference values continue to rise.
As of today, gasoline and diesel are more expensive at the pumps, although still below what the report from Import Parity Prices (PPI) prepared by the Regulatory Unit for Energy and Water Services (Ursea). As in most of the year, Ancap absorbed part of the difference in the international price of oil and derivatives and the value transferred to final consumers.
However, the president of the oil company, Stipanicic, pointed out that this intervention by the state company to moderate the current rise in fuels —more than half in the case of gasoline and a part in the case of diesel— could have been the last . “Unfortunately, from Ancap we can no longer contribute more to the international price containmentto moderate the increases” in fuels, said the chief.
He recalled that in 23 months there are more descents and maintenance rise in fuel prices. “The financial back of Ancap operated a lot in that, and now we are not going to have it for a while,” said the president of the oil company, referring to the fact that the subsidy in the pumps was thanks to the extraordinary refinery margin from the main plant the tilewhich will be in a scheduled technical stop from next Monday, for a time that the authorities cannot yet determine due to the union conflict with the guild.
In this sense, if oil and its derivatives continue to increase in the reference international markets —a usual dynamic of prices during the second semester—, it is very likely that this increase will also be felt in the Uruguayan pocket.
“If we expected to be recovering cash in December, now we estimate in February. This exhausted the financial back of Ancap”, assured Stipanicic.
How much can fuel be obtained from today?
As of today and throughout September, the price per liter of sale to the public of the Super 95 naphtha is 74.29 pesos —before 71.16 pesos—, while the liter of diesel 50S It costs, at most, 55.99 pesos —before 52.82 pesos. This means an increase in 4.5% in gasoline and 6% on diesel, while the supergas It had no variations this month.
The projections to supplier of the Ministry of Industry, Energy and Mining (MIEM) —in relation to the Ursea PPI report and other variables— marked a rise in the 9.7%, which implied that the liter of Super 95 gasoline should be sold to the public at 78.05 pesos. Meanwhile, the projection for a liter of diesel 50S was 56.68 pesos, an increase of 7.3% compared to the value of August.
“In the case of most used fuelsthe adjustment moderates the international rise and prices will continue below the PPI, thanks to the fact that Ancap absorbs a good part of the increase,” MIEM said in a statement, adding that “the decision responds to the strong monthly rise in international references established through the Import Parity Price (PPI), in line with the 10% increase in oil during the reference period”.
Source: Ambito
