The vice president of Ancap, Diego Durand, admitted that “the international trend” shows a drop in the value of crude oil.
The price of Petroleum is declining worldwide and this situation may lead to a new drop in the price of fuels in the country, as admitted by vice president of Ancap, Diego Durand.
Durand assured that “there is a downward trend at the international level” with respect to the value of raw, although he clarified that it will be Executive power the one who defines what will happen in Uruguay, in moments where the La Teja refinery.
The leader stated at a press conference that, beyond the drop in oil, “it is a fact that must be analyzed in macroeconomics and exchange rates, although this is what marks the projections” and compared that the situation in the Red Sea “It is a specific issue and we will have to monitor how much it impacts.”
In any case, he clarified: “We cannot go above the regulator and what the Executive Branch defines. “I don’t want to go over the Minister of Industry, Energy and Mining, Elisa Facio.”
It is worth remembering that in recent months the MIEM defined a decrease that placed the price of the Super 95 gasoline at 75.54 pesos as the maximum retail price and the Diesel 50S at 57.39 pesos per liter. In turn, the supergas maintained its price due to the persistence of a significant gap with respect to the Import Parity Prices.
The impact of the La Teja stop
On the other hand, the vice president of Ancap admitted that the maintenance shutdown of the La Teja refinery is feeling in the GDP of the country and recalled that “today all fuel is imported”, which reduces the margin when deciding increases or decreases in the price of fuel. naphtha and the gasoil.
For Durand, the management of companies Ancap Group It allowed it to have a certain back to absorb the increases, although it acknowledged that the state company “is going to have a difficult year” facing 2024.
“We are going to start the year with a refinery shutdown and that is difficult from a cash point of view,” he warned about the tasks, which are expected to be completed between March and April.
Source: Ambito
