The Energy and Water Services Regulatory Unit (Ursea) foresees an increase in fuels in Uruguay as of March 1, according to your latest Import Parity Prices (PPI) reportcorresponding to the period between January 26 and February 25.
This Wednesday, Ursea published its PPI report, one of the factors that the government takes into account when setting fuel rates each month, in relation to the reference values that are those of the Gulf of Mexico in the United States —which, during the last month, registered increases.
According to the analysis of the regulatory unit, the Super 95 gasoline It had a variation of 5.32% —3.33 pesos—; while the Premium 97 gasoline 5.19% did so.
For their part, the ex-plant parity prices of the 10S and 50S diesel showed an increase of 7.76% and 7.75% respectively in February compared to the data recorded in January.
Although these figures and variations are not the final ones—since other distribution and marketing costs must be added, in addition to the Ancap numbers—the government must take them into account when defining what will happen to fuel prices in March.
The most likely thing is that, indeed, there will be an increase, as long as the National Administration of Fuel, Alcohol and Portland (Ancap) cannot cushion the increases since it was left without refinery margin—and, therefore, without financial backing—due to the maintenance stoppage at the plant. The Tile.
The new calculation for fuels
In turn, the Executive power published a decree at the end of January where a new component is added to the calculation of the fuel prices that determines the government, the decision of the Ministry of Industry, Energy and Mining (MIEM) corresponds to considering the financial costs of the distributors.
He Decree 43/024 bears the signature of the president Luis Lacalle Pou and communicates the addition of a new index when calculating the price of fuel, a task carried out by Ursea. With the modification, the financial cost of working capital of fuel distributors. This arises from the seven-day delay that occurs between the wholesale distributors —who pay in cash for the supply of Ancap— and collection from retail distributors.
Among the wholesale distributors in Uruguay are found the Uruguayan Distributor of Fuels SA (Ducsa)which belongs to Ancap; Axion and Disa.
The decree highlights as “pertinent” the addition to the calculation of fuel prices of the Temporary Intermediate Maximum Price (PMIT), which corresponds to the sales made by wholesale distributors to retailers, among which are service stations and other points of sale.
Source: Ambito
