Sunday, May 28, 2023

Gasoline and diesel have increased by 4 percent since Wednesday

Fuel prices will increase by 4% from midnight this Tuesday, as planned in negotiations between companies in the sector and the national government.

The Economy Ministry convened a meeting with oil company executives on Tuesday to analyze the operation of the market, which promised to raise its prices by 4% per month until August 13, simultaneously and the day of the mandatory open primary election (passed) Was. ,

Within this framework, the new increase was authorized this Wednesday, May 17. With this measure, the government attempts to keep prices stable without remaining nominally “anchored”, despite inflation rising to 8.4% per month in April.

The meeting was led by Energy Secretary Flavia Rouen along with executives from YPF, Axion Energy, Ryzen (Shell) and Puma Energy, refineries that focus more than 90% of fuel sales at service stations. Economy Minister Sergio Massa also joined in for a few minutes.

Directors of companies to share current market conditions “generally” and oil companies to report that delaying prices to the public against import parity as well as to Palacio de Hacienda to evaluate the impact was called. No solution in action. In a conference call with banks and investment funds during the presentation of quarterly results, YPF finance manager Alejandro Lue said that the delinquency at the end of April was about 10%.

Part of the “fair price” agreement for fuel was to keep taxes stable in July to avoid hikes that would put pressure on public prices.

The national state resigns itself to tax collections equivalent to more than $200 million per month, excluding fuel taxes alone.

Prices in Córdoba

Although this Wednesday morning, many service stations have yet to update their blackboards, the first one marked the following values:

Shell Station. Prices per liter:

Super $225.90
V-Power Nitro Diesel $281.70
Evolux Diesel $248.80
V-Power Nitro Diesel $311.90

Axion Station. Prices per liter:

Super $231.90
amount is $287.90
Diesel $261.90
Diesel Quantity $319.90

World Nation News Desk
World Nation News Desk
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