The Import Parity Prices report showed an increase in both diesel and Super 95 gasoline.
The Minister of Industry, Energy and Mining, Omar Paganini, announced that fuel prices in October will have to rise, within the framework of the increase in values in the report Import Parity Prices (PPI)prepared monthly by the Energy and Water Services Regulatory Unit (Ursea).
The leader of the Industry portfolio explained that the derived fuels that he buys Ancap They rose again this month and oil also rose. In that sense, he assured that the number he provided Ursea It is being studied and that “it is an important number, of the order of $3 for diesel and gasoline.” “There will have to be some increase, these days we will define it,” Paganini determined.
In addition to the report, the minister recalled the refinery The Tile is in a technical stoppage, which also compromises fuel costs. “Ancap The refinery is stopped. That’s why it has additional costs. And also he doesn’t have the profit. Therefore, the number of the Ursea It is quite close to Ancap’s costs,” explained Paganini, who added that the margin to cushion the increase will be less than last month.
Why did the reference values rise and what would the prices look like?
The differential between the contracts for the immediate month and two months of the Brent oil, the world benchmark, has reached its highest level of the year, in another clear indicator of a supply deficit fueled by prolonged voluntary cuts in the OPEC+. The premium for the immediate-month Brent contract over the two-month contract rose to $2.45 a barrel on Thursday, the highest since October 2022. The November contract expires on Friday.
Meanwhile, the Parity Prices of Imports determine that Super 95 gasoline should suffer an increase of 4.2%, while diesel oil should suffer an increase of 6.1%.
Thus, the public sale prices of fuel at service stations in Uruguay would be as follows: 77.54 pesos for gasoline, which means an increase of 3.15 pesos; and 59.39 pesos for diesel, which represents an increase of 3.40 pesos.
Source: Ambito
