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Shell announced a 3.8% increase in the price of its fuels


After knowing the inflation for February, the oil company confirmed the increase that is part of an agreement between the sector and the Government. The rest of the companies in the sector are expected to follow suit.

Shell reported that as of this Wednesday the price of its

fuels will have an

average increase of 3.8%.

The increase, which is framed in an agreement between the oil companies and the Government, was announced hours after knowing the inflation for the month of February, which registered a rise of 6.6%, with a year-on-year variation reaching 102.5%.

In this way, the path of increases

in the amounts of gasoline defined between the Ministry of Energy and the companies in the sector

continues .

Although the rest of the oil companies have not yet announced it, once a company raises its prices, the others tend to fold, so rebrands are expected in other firms.

After this increase scheduled for March, the Government and companies will sit down again to outline the rest of the year.

This is the

third fuel increase in the year

, after those implemented in January and February, when they were also confirmed shortly after the inflation data was known, and the fourth that is applied within the agreement with the Government.

In 2022, meanwhile, the oil companies had arranged seven increases.

The new gasoline prices in Shell

Starting this Wednesday, gasoline prices will change at Shell service stations located within the City of Buenos Aires.

The new values ​​will be

$169.07 for super gasoline

, $205.33 for premium, $189.05 for regular diesel, and $245.41 for premium diesel.

The oil companies joined the Fair Prices program last November, when they agreed with the Ministry of Energy that they will apply increases with a cap of 4% during the first three months, until reaching the last increase during the month of March.

In this way, companies sought to give their support to the Government's strategy to contain prices and lower inflation.

The Fair Prices program was applied to mass consumption products in supermarkets.

The companies and the chains "self-imposed" limited increases after the "suggestion of the Secretary of Domestic Trade, which depends on the Ministry of Economy," they slipped at that time.


look also

February inflation: the increase in food tripled the ceiling of Fair Prices

Consultants forecast 7% inflation in March: "There is a higher inertia than expected"

Source: clarin

All business articles on 2023-03-15

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