Massa crossed the oil companies and warned that they cannot increase fuel more than 4.5%

2023-06-17 01:30:04

After the confirmation new fuel increase around $13 per liter as of this midnight, the Minister of Economy, Sergio Massacrossed the oil companies and would have warned them that the updates they cannot exceed 4.5%.

The counterpoint between the official and the companies would have originated following some of them intended to apply increases of up to 7.5%, three percentage points above what was officially agreed with the government, reported the Noticias Argentinas agency.

Although the 4.5% increase in gasoline and diesel prices is already above the 4% monthly rate set in December of last year, the Economy Department indicated that some oil companies they wanted to “cum” of what was agreed under the program «Fair Prices«.

If the request by the owner of the Palacio de Hacienda is fulfilled, the increases, in any type and category of fuel, they should not scale beyond $13although we will have to wait until 00 to know the answer in the pumps.

The state oil company YPF was one of the first to confirm which would update its prices by 4.5% average, in line with what was agreed with the Secretary of Commerce, which leads Matias Tombolini.

Among the reasons for the increase, above what was applied in recent months, the company mentioned “the variation in the official exchange rate, the differences in logistics and operating costs, the narrowing of the gap between fuel grades and the increase biofuel prices.


Fuel increases since midnight: what will happen to the rest of the oil companies


Regarding the rest of the oil companies, it has not yet been officially confirmed the percentage of increase that will be implemented from this Saturday, beyond the 4.5% confirmed by YPF.

However, it is expected that, as on previous occasions, PAE (Axion), root (Shell) y Transfiguration (Puma) follow the measure of the flag company and apply a similar rise in the next few hoursor eventually, on Sunday.

The 4.5% increase authorized by the government, and later highlighted by Massa, arises from the pressure of the companies and the parking chambers to update 4% monthly that had been applied to the upward spiral of inflation, which last month reached 7.8%.


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