Saturday , November 27 2021

Oil companies are preparing to announce a drop in fuel prices



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December
November started with a 5% rise in Shell and Axion, but a week had to halve the rise, because YPF, which holds an average of 56% of the market, only adjusted its 2.5%.

The oil companies, with YPF on the wheel, are preparing to announce next week a cut in gasoline, which in some cases will reach 4%, after the decline of international crude oil for several weeks already, it occurred today.

Energy Minister Javier Iguazel talked about the issue with the oil companies, so the installers gave this Shabbat with certainty that sometime next week the pumps would reflect a fall that would represent a minimal respite for users who had a very strong 70% increase during the year.

The government's argument is not only the fall of the Brent barrel, which is perceived as Argentina in Argentina, but also the stability of the exchange, beyond the dollar arrangement in recent days.

For their part, oil companies have recalled that this month will be more weight of two taxes on gasoline, which is applied to carbon dioxide emissions and ITC classic, adjustable for inflation.

From December, the two taxes will add a weight of almost 25% to the value in the pump.

Thus, it is estimated that in some fuels, such as super-naphtha, low during December will be only 2%.

According to official data, deliveries of naphthas and diesel fell 2.8% last October compared to the month of 2017.

But the use of naphtha premium fell sharply, by 28.8 percent, due to the continued rise in pump prices, which will be a reason for the reduction in prices in this fuel.

In one year it went from the sale of 253 thousand cubic meters to only 180 thousand.

In the case of higher quality diesel, grade 3, the decline in sales was 6.6% in the last 12 months.

November started with a 5% rise in Shell and Axion, but a week had to halve the rise, because YPF, which holds an average of 56% of the market, only adjusted its 2.5%.

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