Wednesday , December 1 2021

Oil companies announce low fuel



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2 December 2018 – 01:02
Premium moths will drop by an average of 4%, and in December it will only drop by 2 percent.

The oil companies at the wheel of the YPF are preparing to announce a reduction of naphtha by 4% in some cases after the fall of a few weeks of international crude oil in the coming week.

Energy Minister Javier Iguacel discusses the issue with oil companies. Therefore, the stations yesterday will reflect a fall that will reflect a minimum rest period for users exposed to very strong increases in pumps next week. 70% throughout the year.

The government's argument is not only the decline of the Brent barrel taken as a reference for Argentina, but also the stability of change beyond the reorganization of the dollar.

Oil companies recalled that this month will be greater than the carbon dioxide emissions and the weight of the two taxes on fuels applied to the classic ITC.

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

Thus, in some fuels such as super naphtha, the low rate is estimated to be only 2% during December.

On the other hand, according to the calculations they have completed by observing the costs of the refineries of oil companies, it is estimated that the average rate of premium naphtha will decrease by 4%.

According to official data, naphtha and diesel shipments decreased 2.8 percent in October compared to the same month of the previous year.

However, the use of Premium naphtha experienced a sharp fall of 28.8% due to the increase in pump prices, which would result in higher price reductions in this fuel. In a year, only 180 thousand sales of 253 thousand cubic meters.

In the case of higher quality Diesel, Class 3 decreased 6.6% in sales over the past 12 months.

November started with a 5% increase in Shell and Axion, but they had to double this increase in the week because the 56% market average FXF was set at only 2.5%.

CNG increased in Buenos Aires

The price of Compressed Natural Gas (CNG) rose to an average of $ 16 per cubic meter in the suburbs of Buenos Aires and Buenos Aires yesterday.
Thus, the price of CNG in the metropolitan area of ​​Buenos Aires varies between 14 and 16 dollars per cubic meter, while the rest of the country has higher values.
The GNC was confirmed by Vice President Pedro González.
González stated that the increase in Gas Natural BAN and Metrogaz regions is 14% and the new values ​​will remain until April 30th.
”This is a good idea because it provides a framework of foresight in an inflationary context,“ he said. In a statement on the protection of prices until April, when the current contracts are over. On the reasons for the rise in CNG prices, the businessman announced that these contracts, which ended in April, were only one of the countries that entered the pesos and devaluated the son old prices CN from devaluation.

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