The president of the state oil company, Alejandro Stipanicic, defended the pricing system and pointed out its transparency and benefits.
The president of the National Administration of Fuel, Alcohol and Portland (Ancap), Alejandro Stipanicicdefended the current pricing system for fuels, through the Import Parity Price (PPI); and pointed out that this tool allowed a net contribution to society of 850 million dollars in the period by the state oil company of Uruguay.
“I can tell you the benefits that this system has brought, in particular, transparency,” Stipanicic told the press, when asked about the statements of the pre-candidate of the Broad Front, Yamandú Orsiregarding the possibility of modifying the current pricing system of the fuels in an eventual government that has him at the head.
“Today it is unobjectionable where the results of Ancap and in what way Ancap “contributes to society,” continued the leader. In that sense, he explained that in the three and a half years since the PPI was implemented, the oil company had almost 430 million dollars of accumulated profits in current pesos, while, in addition, the same amount was poured into society in the form of price reduction.
“We are selling below the import parity price, so with a pricing system that is transparent with respect to how it is calculated and how it transfers international price variations to society, Ancap generated between one thing and another 850 million dollars of net contribution to societyStipanicic stated.
A system that works, but needs to be reviewed
For the president of Ancap, The oil company’s results speak “of the goodness and health of the system.” “Ancap does not suffer financially because the Executive Branch is setting the sales prices of the products of Ancap below the market, on the contrary, it is done in a coordinated and studied manner in each end-of-month decision,” he noted.
“This requires additional administrative work that perhaps did not exist before, but today no one can talk about the fact that the prices at which they sell Ancap are excessive or are capturing monopoly rent,” Stipanicic added.
Asked about the pricing formula, especially in recent months when the refinery The Tile was off and the oil company had to import all the fuel for the domestic market, the leader agreed that “all reference price systems must be reviewed periodically.”
“What we have had since August of last year until now is a factual verification of what the real import prices in Uruguay. When the unit strike ends, when we collect all the invoices, we are going to make a technical report and we are going to submit it to the Ursea for you to analyze,” he concluded.
Source: Ambito
