Monday , November 29 2021

YPF reduce the price of naphtha Monday and imitating competition – 12/02/2018



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The price of gasoline will decrease by & # 39; 5% early Monday morning. The decision was implemented by YPF, but x & # 39; likely that the rest of the market will follow the parent company.

The Government was pursuing talks with oil companies to achieve this reduction, which Clar He made a breakthrough in its Saturday's edition.

The decline in international oil prices coupled with & # 39; the weight stabilization against the dollar were factors that influenced this change.

It is the first drop & # 39; fuel only until 2018. If the bucket & # 39; crude oil and the dollar will remain stable, there is a chance that there will be another if the reduction in 2019.

In diesel, whose components are imported, there will be increased, which will be & # 39; 3%. In the sector was already commenting that naphtha reached similar amounts to those & # 39; "par & # 39; import", so it was feasible low. On the other hand, still considered that the naphtha was not willing to reach parity with that & # 39; imports.

From this Monday super low petrol from $ 37.59 to $ 37.21, Representing a decrease of & # 39; 1%. The premium (Infinia) comes & # 39; from $ 44.01 to $ 43.35, putting & # 39; 1.5%.

Clar also announced in its edition on Friday 23 that the government was seeking a reduction in the amounts of oil companies.

Although the competitors are not required to follow YPF, f & # 39; November, imitated her.

The company's majority state did increase & # 39; 2.5%, while Shell rose by AXION & # 39; 5%. There was a strong migration & # 39; sales providers & # 39; these flags for YPF, so Monday fell behind and aligned with & # 39; YPF.

In government there was satisfaction for the company's decision. Come as a breakthrough in the trend to help lower inflation.

They wished higher percentage (close to 4%), but also they knew that this month taxation to fuel increased tax of carbon dioxide in the transfer of fuel tax, adjusting for inflation & # 39; quarterly.

F & # 39; November 2017, YPF made similar reductions, a & # 39; 1.5%. F & # 39; at that time, there was a decrease in biofuels and oil companies reflected this in their amounts that time.

"If a reduction is due to the dollar's fall, due to the increase in oil (had to increase & # 39; 33%) have never been reflected in the sector's prices. With can & # 39; descends because that never rose ", specify one of the most oil consultants called in the sector.

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