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The government opens the door to a new increase in fuel prices

The government opens the door to a new increase in fuel prices
September 21, 2023 – 19:06

Minister Omar Paganini anticipated that “the outlook does not seem very auspicious” due to international values ​​and the situation of Ancap.

Photo: Public Media

The price of the fuels could suffer a new increase in October due to the loss of back of Ancap in the middle of the stop at the refinery The Tile and the increase in oil at the international level, according to the Minister of Industry, Energy and Mining, Omar Paganini, who warned that “the outlook does not seem very auspicious.”

The owner of the MIEM He referred to the decision that the government must make next week regarding the value of gasoline and diesel and told Channel 10 that “the room for maneuver is small,” echoing the conflict with Fancap that affects the maintenance of La Teja.

Paganini He recalled that the price of oil internationally increased by 10% in August and assured that “now it is more,” so it would not be surprising if prices are revised upwards for October.

To this he added the factor of Ancap. “That margin is bad this month because it has to do with the ability to make money with production,” he explained about the stoppage of The Tile, scheduled for this month and which will be delayed due to the union conflict. Therefore, the state company must import fuel already refined, at a higher cost.

At the same time, he referred to last month’s update and noted: “We do not reflect the entire increase because we still had stock of products made by Ancap.” Definitely, Paganini He summarized: “Our margin is getting shorter. “We are going to see how the value of derived fuels ends up being, but the outlook does not seem very auspicious.”

The key will be Ursea’s PPI report

Faced with this scenario, it is expected that there will be an increase in the value of the fuels next month, although we will have to wait for the report Import Parity Prices (PPI) that will prepare the Ursea in the coming days so that the government can then make the final decision.

It is worth remembering that the MIEM detailed last month’s increases for each type of fuel. “The maximum public sale price of gasoline Super 95 will be $74.39 per liter (it was $71.16), while the maximum price of Diesel 50S It will be $55.99 at the pump (it was $52.82)”, while the price of supergas remained unchanged.

Source: Ambito

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