Thursday, September 28, 2023

Post-election devaluation opens the favorable horizon for CNG switch

The surprise of the PASO election prompted the government to adjust the value of the official dollar by 20 percent and cap it at $350, prompting the vehicle gas sector to ponder the possibility that this might be the case The price of gasoline at the pump is increasing, widening the gap between the value of CNG and gasoline.

Expectations on this topic increased not only because of this macroeconomic situation but also because of the uncertainty among potential CNG users, which reportedly led to an increase by the President of CAPEC, Frederick Baratella”They decided to convert their cars to CNG.”

“We went from no calls to answering an average of more than 10 calls per workshop this Monday morning alone”, said the leader, announcing that this impulse would be accompanied by payment facilitation and promotional discounts.

However, he admitted that they will have to wait a few days to complete the planned sales since, after the election, There are no reference prices for component imports, although he ruled out that it was a temporary problem that would not constitute an obstacle to the conduct of the operations.

At the same time, Baratella drew a more favorable outlook for the coming years if the new government goes ahead with plans for vaca muerta and deregulates gasoline prices.

The executive also recalled that at the last meeting with ENARGAS, a commitment was made to jointly advance the gradual and comprehensive replacement of the current vehicle fleet, as well as public transport and CNG cargo fleets.

In this sense, Baratella called for the strengthening of common strategies between the CNG players, the service stations, and the references of the manufacturing companies because, in his opinion, “The best campaign is to make sure every day that everything is mobilized with gas.”

Post-Election Devaluation Opens The Favorable Horizon For Cng Switch

World Nation News Desk
World Nation News Desk
World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.
Latest news
Related news