Saturday , June 25 2022

Oil companies and the government, very close to announcing a reduction in naphtha – 11/30/2018



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The unusual scene is repeated almost every last day & # 39; monthly. The line & # 39; drivers is crowded on pumps & # 39; the service stations. Drivers trying to store the fuel before reaching the next increase in & # 39; those products.

However, this weekend, the photo can & # 39; be different. As comment in & # 39; many stations & # 39; service, during the next week there will be a reduction in the price of fuel. Will average between 2% and 4%, depending on the type of & # 39; naphtha and flag. As a counterbalance, x & # 39; is likely to be an increase in diesel amounts.

The Government was already talking with the oil companies about this possibility. First, the executive said reduction in the international price of & # 39; barrels & # 39; oil, But what the mass devaluation against the dollar stopped. The local currency was stabilized more month, although in & # 39; the last days rebounds.

During December, There are two tax increases: To – of – of – carbon dioxide and – Transfer Fuels. The first one is fixed and the second adjust for inflation. S & # 39; now, they considered 23.8% of the price of retail, but this incidence would be higher by next week.

official sources said Clar had sought reduction & # 39; 10% in the amount of & # 39; fuel "premium". But the price cuts were talking in & # 39; these days is less. It is close to & # 39; 4%, Since refineries – those who transform the fuel oil – bear 8% less to service stations. But the tax cut issue of low impact.

Some refiners estimated, during this week, that the decline in the price of naphtha It should be & # 39; about 3%. He noticed that as the dollar recovered strength against the weight in & # 39; recent days. However, other companies regard government consideration, to look at the price of weight against the US currency during the entire month.

The government has already had some interference in the end increase in fuel, f & # 39; in November. F & # 39; that occasion, some companies have emerged with & # 39; mark & ​​# 39; 5%, but later corrected the reaction of & # 39; YPF, which increased by 2.5%. In the decision & # 39; YPF there is any official suggestions, because sliding sector.

"If a reduction is due to the dollar's fall, due to the increase in oil (which had an increase of & # 39; 33%) have never been reflected in the sector's prices, you & # 39; decreases due that never rose ", states one of the most lost oil sector consultants.

The Energy Secretariat, reporting to the Ministry of Finance, is managing table & # 39; "competitiveness" for refiners YPF, Shell, AXION, which officials and company executives to discuss the sector costs. Officials believe that the local margin to overcome international margins and local managers have jirreplikawhom.

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