The government kept the rates of Super 95 gasoline, diesel and supergas frozen, as expected.
The government kept the fuel prices for November, after three months of consecutive increases, announced the Ministry of Industry, Energy and Mining (MIEM).
The pause in the increase in the values of the Super 95 gasoline, he gasoil and the supergas It is thanks to the fact that in October the future price of Brent did not suffer major movements despite some days where it soared due to fear of a regionalization of the war between Israel and Hamas.
Beyond the international conflicts, the price of a crude barrel had new news this month. Although it reached a peak of 96 dollars on the 20th, the monthly average value remained at 92 dollars, two dollars less than the month of September
Thus, Super 95 gasoline will continue to cost 77.54 pesos per liter at pumps, 50S diesel will remain at 59.39 pesos per liter, and supergas at 76.75 pesos per kilo.
He MIEM highlighted that in the case of supergas, the price continues significantly below import parity (PPI)which is the reference value that Ursea updates monthly to advise whether or not to modify the rates.
Despite the freeze in fuel prices, the government highlighted the high venergy market volatility due to the international situation.
Added to this is the fact that Ancap These months the La Teja refinery is being shut down, so not only does it not have the profits from refining but it also incurs higher expenses due to the import of oil and derivatives. The plant will only return to normal operation in March 2024, much later than initially planned due to the conflict with Fancap delayed the process.
In October, the government had increased fuel prices for the third consecutive month. It was a considerable increase: 3.15 pesos in the case of gasoline and 3.40 pesos in the cases of diesel and supergas.
Source: Ambito
