The Limited Times

Now you can see non-English news...

Price of gasoline and diesel: the fall in demand puts a brake on the increases planned by oil companies

2024-02-08T16:04:45.174Z

Highlights: The companies' goal is to reach an international value of US$ 1.20 per liter. This objective was scheduled to be achieved by March, according to the companies' expectations. Inflationary pressure, the drop in demand and political ups and downs, among other factors, are stretching those deadlines a bit. In this sense, the energy sector estimates that even demand at service stations could continue to fall. NE. The strategy of enabling a more moderate sum for increases is also framed in the impact that fuel increases have on the rest of the goods and services. Something that particularly worries the Government.


YPF and the rest of the companies estimated that they would reach a value of US$ 1.20 per liter in March. But the drop of between 10 and 20% in sales conditions the adjustments.


After the latest increases, the oil companies believe that "there is little left" to achieve their objective that the liter of gasoline in the country be at an

export parity value,

that is, the price level perceived by the companies. crude oil exporters.

Thus, the companies' goal is to reach an international value of

US$ 1.20 or US$ 1.23

per liter ($ 996 or 1,020) in the case of super gasoline, which today is at $ 0.90 ( $744 for YPF).

This objective was scheduled to be achieved by March, according to the companies' expectations.

However, inflationary pressure, the drop in demand and political ups and downs, among other factors,

are stretching those deadlines a bit

.

For this reason, it is estimated that the oil companies - induced by the Government -

are going to moderate the increases they had planned to

reach the international price of oil.

In fact, the last increase of 6.4% that was applied to all fuels as of February, was calculated considering only the transfer of a part of two taxes (ICL and IDC) and the increase in the prices of biofuels that They are used for the cut,

but the gradual increase in the official dollar was not taken into account.

After that last adjustment, the price per liter of super gasoline from YPF, the oil company that marks the path of increases, went to $744 and that of premium gasoline to $918;

while the diesel went to $784 and $998, respectively.

These values ​​correspond to the Federal Capital, although they are higher - in general - in the interior of the country.

The strategy of enabling a more moderate sum for increases is also framed - among other factors - in

the impact that fuel increases have on the rest of the goods and services.

Something that particularly worries the Government.

A no small point in the possibility of adjusting prices at the pumps is the purchasing capacity of consumers: in January,

the drop in demand ranged between 10% and 20%

throughout the market and that also puts a cap on increases.

In this sense, the energy sector estimates that even

demand at service stations could continue to fall

.

NE

Source: clarin

All business articles on 2024-02-08

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.