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Oil companies are preparing to explain the decline in fuels



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1 December 2018 – 19:52
November started with a 5% increase in Shell and Axion, but had to cut a week by half because the YPF, which holds an average of 56% of the market, adjusted its products by only 2.5%.

Buenos Aires, December 1 (NA) – The oil companies at the wheel of the YPF are preparing to announce a gasoline that reaches 4% in some cases after the fall of international crude oil next week. It's been a couple of weeks, today it's transpired.

Energy Minister Javier Iguacel talks about something about oil companies. Therefore, the stations said on Saturday, the pumps next week will reflect a decline reflecting a minimum rest period for users exposed to very strong increases. 70% throughout the year.

The government's argument is not the decline of the Brent barrel taken as a reference in Argentina, but the stability of change beyond the recent revision of the dollar.

Oil companies recalled that this month will be heavier than the two taxes imposed on the classic ITC, which can be adjusted for carbon dioxide emissions and inflation.

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.

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 had to cut a week by half because the YPF, which holds an average of 56% of the market, adjusted its products by only 2.5%.

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