In April, the government decided to support the prices of gasoline, diesel and supergas, generating an impact on the accounts of the state company.
Ancap will stop earning about 7 million dollars in April after the government’s decision to maintain the prices of the fuels, As analyzed by the president of the state company, Alejandro Stipanicic, who valued the back of the firm to face that situation.
At a time when the countdown begins for the start-up of the refinery The Tile, After the maintenance tasks that have been going on for more than 6 months, Stipanicic specified that, despite not having that figure, Ancap continues with favorable economic results.
He Ministry of Industry, Energy and Mining (MIEM) indicated that, despite the changes in Import Parity Prices (PPI), the Super 95 gasoline will continue in April at 76.54 pesos as the maximum retail price, while the gasoil will remain at 54.89 pesos per liter and the supergas will continue at 80.75 pesos per kilo.
Despite the decrease of 7 million dollars in income, the president of Ancap He highlighted that the company has “a controlled, stable and sufficient financial situation to absorb the lack of income resulting from continuing to sell below the market price level.”
Ancap obtained positive results in 2023
Stipanicic’s view finds its correlation in the last result of the annual exercise, which showed profits of 85 million dollars, accounting for a loss 50 million for sales below the PPI and another 17 million for supergas subsidies.
At a time when the La Teja refinery is still stopped for maintenance, Stipanicic assured that “except for the portland and lime, all businesses in competition make profit”, thus touching on a thorny issue after the failed opening to private businesses last year.
Meanwhile, thinking about the future, Ancap plans to call next month to present expressions of interest to develop two large projects for areas of energy transition and renewable energy, one of them linked to the production of sustainable aviation fuel (SAF).
As Ámbito anticipated weeks ago, a second project is also in mind aimed at developing logistics for the entry and exit of liquids in Eastern Terminal in José Ignacio, Maldonado, with business projection towards regional markets.
Source: Ambito
