The main reason for the decline was the sudden drop in the sales of oil surplus compared to the corresponding period of the previous year, which decreased by 28.8%, as six prices were observed in the pumps. In one year it was last year from the sale of 253 thousand cubic meters to 180 thousand. The highest quality diesel fuel grade 3 was the same thing. The decline in sales over the last 12 months was 6.6%.
The second collapse side is a monthly comparison, from October to September. Total sales increased 4.17%: Premium increased by 9.28%, Super 5%, G2 diesel 5.75%, and grade 3 only 1%.
The latest report by international consultants World petrol price (GPP) revealed that Argentine fuel was approaching the global price level of the world – $ 1.15 per Super litre. EThe 100-day average cost of filling a 55-liter vehicle tank increased from $ 47.30 to $ 62.70, or 32%.
With the accumulated increase in prices over 70% this year, the market continues to drive Ypf which already concentrates 60% of sales. Axion Energy (PAE) rose in September 10.2% year, while the oil company Shell (Raisen) – by 4.3%.
The pricing between the companies required private companies to bid. The state-owned company kept values in line with international oil and exchange rate fluctuations, but its competitors rushed to a rise that was later changed.
With a Brent barrel bordering $ 60 and $ 1 below $ 40, far from the central bank's intervention ranges ($ 44), the government believes there are enough reasons to stop sequential adjustments and even reduce prices. "Over the last few weeks, we see that a combination of a stable exchange rate and an international price creates conditions for some companies to be downgraded." stressed this week Nicolás Dujovne.
"We know that there are no fuel prices, there are different business decisions, some may go down, but others can not, it also varies depending on the fact that it is not the same price as premium gasoline, super gas or diesel fuel, so we go see different movements where some can go down and maybe others will not ", explained the Finance Minister.
Growth in the first half of December 14% tax on sales of fuel, updated quarterly by accrued official inflation. Although this update does not have a significant impact on the final price of products, it is expected that oil companies will add new biofuel costs and apply a new increase by the end of the year. Market sources estimate that, without transferring prices, companies generally retreated from more than US $ 1 billion. Although it is not yet formal and, despite Dujovne's wishes, stationers will expect another increase in the coming days.