2023-06-17 01:22:54
Given the plans of the oil companies that they were preparing to increase the prices at the pumps tonight with percentages that went up to 7.5%the Minister of Economy Sergio Massa kept this friday “tense crosses” with industry executives so that they maintain the increases within the provisions of the signed agreementsand in this sense, he demanded that there be no increases that exceed 4.5%.
The oil companies maintain that since the increases were established, including fuels in the fair price agreements, have increased their prices by 23%, while in the same period inflation climbed above 40%, which, also combined with the rise in the dollar, puts companies “in an untenable position”.
That is why the oil companies that wanted “come” of those agreements still in force, and aimed to force increases above what was agreed, to limit that gap that they consider “backward” in the sector. Of course, for Massa these increases meant greater inflationary pressure on the index in progress in June, so he dedicated a good part of Friday to maintaining those “tense crosses” with the executives of the oil companies, to prevent “Fair Prices” agreements from being forgotten.
Fuels: the long weekend starts with another increase, above the 4% agreed with the Government
From then on, from these communications, from Economy they emphasized that this midnight the prices in the pumps they should not contain increases beyond 4.5%. In fact YPF was the first to announce adjustments in this line, following the guidelines claimed by Massa.
However, it remained to be seen what the other companies would do when it came to rebranding their pumps. A while before they had highlighted that the increases would go up to 5.5%, but the complex scene is not keeping up with inflation, so the companies aim to get out of the agreement signed with the Government in December 2022 and Go to own pricing model.
The Secretary of Commerce and the oil companies had agreed since the end of last year that until mid-April the monthly increases of 4%. Then a second tranche was established until August, and with the 8.4% inflation in April and 7.8% in May reported by the INDEC, the companies maintain that they have faced an inflation of 42%, while the increases that allowed were 23%.
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