The price of gasoholes has increased so far this month. Thus, the maximum prices of gasoholes that are not exempt from the Selective Consumption Tax (ISC) exceed S/26 per gallon.
According to the Facilito application of the Investment and Energy Supervisory Agency (Osinergmin), the gasohol 95 octane can cost up to S/26.99 in Metropolitan Lima; that of 97, S / 26.89; and the 98, S / 28.59.
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This is an increase of S / 1.53, S / 1.4 and S / 2.9, respectively, compared to the prices they had as of May 2.
It should be remembered that these fuels are used for modern or high-end vehicles, respectively.
Also, in the case of fuels exempt from the ISC, the maximum price of the gasohol for 84 is S/20.19 and for 90, S/23.30, while diesel 2 S-50 UV can cost S/18.99, and diesel DB5 S-50 UV, S/19.26.
Compared to May 2, increases in the price of gasohol of 84 and 90 are S/0.20 and S/2.01, and in the case of DB5 S-50 UV diesel, its increase is S/0.27.
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For Gustavo Navarro, managing partner in Peru of Gas Energy Latin America, this increase in the price of fuels It is due to an increase in the cost of import freight, in addition to a high demand for fuel in the northern hemisphere as it is summer on that side of the world.
“[La demanda en el hemisferio norte] it has its peak in August, but between July and August the market demand is high, but so that this market can be served, inventories are formed between the end of May and June”
Felipe Cantuarias, president of the Peruvian Hydrocarbons Society (SPH), adds that the rise is due to an increase in the international price of oil.
Inflation
Juan Carlos Odar, director of Phase Consultores, pointed out that the fuels represent a weight of 10.5% in the inflation of Metropolitan Lima. In addition, he projected that for May annual inflation will be around 8.5%.
Both Navarro and Cantuarias pointed out that under the current scenario, the rise in prices in fuels to be continue. The president of the SPH specified that this is due to the fact that the international scenario is still affected by the war in Eastern Europe and a reduction in crude oil production due to the effect of the pandemic, added to the volatility of the dollar.
This rise in fuels It leads to inflationary pressures continuing towards an increase, added Odar. For the following months, he indicated, “The annual rate of inflation it will continue to rise until July or August”.
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Measurement extension
Felipe Canterbury, president of the SPH considered that the Government should extend for another 90 days the exemption from the ISC and the inclusion in the Fuel Price Stabilization Fund for certain fuels, since these are valid until June.