2023-08-16 01:44:00
The service stations of Shell y Puma located in the AMBA, this Tuesday, August 15, the fuel prices following the devaluation applied by the Government on Monday, following the primary elections. The rises are around 14% and in the case of the most expensive fuels it is around 50 pesos per liter.
The curious thing was that the adjustment was applied around 14:00, without waiting for the next day. The first settings, which they would be accompanied by YPF and Axionwere applied by Raízen Argentina, a Shell licensee, and Puma, from Trasfigura.
In the interior of the country, increases were also reported in the prices shown in the pumps.
Inflation accelerated to 6.3% in July and accumulates 113.4 in the last twelve months
The economic team Sergio Massa began a round of contacts with executives of oil companies and refining companies to Analyze the future of gasoline and diesel within the framework of a plan Fair Prices which has now become very relativized following the 22% depreciation in the peso, said the agency Argentine News.
Raízen and Trasfigura have already applied the second fuel increase in August and have anticipated the negotiations that they will carry out with the Government, following the expiration of the agreement that allowed gradual price adjustments of around 4%. The agreement expired on August 15..
According to reports from inside the country, the increase is 25% for Puma, between 15% and 20% for Shell and 10% for Axion (PAE)the agency reported THAT. Sources from the majority state oil company YPF indicated that “for now” there are no planned increases.
The oil companies would have adjusted wholesale prices by 25%, which translates into an adjustment of around 14% at pumps.
In some places like Córdoba, Mendoza and Rosario, the price increase was around $15 per liter.
The Premium version of Raízen already sells for over $350 per liter, equivalent to 1 official dollar and 0.50 blue dollars.
Argentina, one of the countries with the cheapest fuel in the world
With this escalation, Argentina remains on the list of countries with the lowest fuels in the world: the most expensive are from Hong Kong (US$3,051) and Iceland (US$2,329), and the cheapest are from Iran (US$0.029) and Venezuela (US$0.004), according to Global Petrol Price.
The last increase in gasoline had been registered on August 1 and had been around 4.5%.
However, in the sector they assure that despite this last increase in the first eight months of the year, the price of fuels is still some 20 points below official inflation.
Inflation in August would reach double digits and warn of a possible spiralization
It is that from January to August, with two quarters of validity of Fair Prices, gasoline and diesel increased by an average 40.7%.
The Ministry of Energy plans to summon the directors of YPF, PAE, Raízen and Transfigura to the fuel negotiating table in the next few hours to coordinate the increase guidelines for the next four-month period with which the government administration would close.
Everything indicates that the meeting would be led by Guillermo Michelthe head of Customs and the new head of the price agreement negotiating unit created by Massa.
In the case of Shell, the price of regular formula gasoline rose from $287.90 to $328.20; that of the Super from $231.70 to $264.20; the V-Power advanced to $327.60 to $373.50; and the Evolux Diesel went up from $259.50 to $295.90.
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