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Reference values ​​fell, is a drop in fuel coming?

Reference values ​​fell, is a drop in fuel coming?
November 29, 2023 – 20:22

The Ursea published its survey and now the government will have to define in the next few hours whether it supports this reduction or not.

The value of the fuels may experience a drop in December according to the Import Parity Prices (PPI) that published this Wednesday Ursea, although the government still needs to make its decision official in the next few hours, after this month it decided to keep rates frozen.

He Ministry of Industry, Energy and Mining (MIEM) will have to make the decision taking the PPI as a reference and at a time when the price of oil is declining, despite the initial threat posed by the war between Israel and Hamas in the Gaza Strip.

According to the survey of Ursea, In the last 30 days there was a decrease of 2.6% in gasoline, product of a 2.66% decrease in the Premium 97 and a drop of 2.62% in the Super 95, calculating a price of 62.42 pesos and 64.74 pesos, respectively.

Meanwhile, the PPI reported a 7.1% drop in the gasoil, when accounting for a reduction of 7.14% in the 50S and 7.15% in the 10S, leaving the values ​​at 45.48 pesos and 45.52 pesos. Meanwhile, the supergas showed a decline of 0.75%, so the PPI remained at 26.87 pesos.

The latest government decisions on fuels

He MIEM last month ordered to freeze the rates of fuels, after three consecutive increases in the previous months, being governed by the values ​​of the Import Parity Prices.

Added to this fact was the maintenance stoppage of the refinery. The Tile, which will be active again in March next year and reduced the margin of Ancap, that does not have the profits from refining and adds higher expenses for the import of oil and its derivatives.

Another factor to take into account was the aforementioned war in Middle East, which continues to this day and produced volatility in the energy market, with a strong increase at the beginning and a drop in recent days.

Source: Ambito

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