The National Oil Company (ENAP)) on Wednesday reported prices that would record fuel from Thursday to February 6th.
According to the state-owned company, a liter of gasoline 93 octane will fall by $ 5.8, reaching 708.3 pesos as a reference, marking its fifteenth consecutive loss.
The same changes have been registered 97 octets which reached 729.1 pesos per liter in its fourteenth week. The diesel it will also fall by $ 5.8, marking 529.9 pesos per liter.
The kerosenenotes, however, an increase of $ 3.7, reaching 496.4 pesos per liter.
In turn liquefied gas (LPG) mark a $ 6 raise, leaving 213.3 pesos.
ENAP explained that "after several days of constant oil prices, volatility has returned to the markets. The main factors behind the current situation are concerns over potential overproduction of products, the slowdown in China's economic growth and recent forecasts by the International Monetary Fund (IMF)."
"The rapprochement between US and Chinese presidents Donald Trump and Xi Jinping also helped to reduce the fear of possible overproduction in the world's raw stock. The market was internalized by the possibility that the United States will reach a trade agreement with China in the coming days," they said.
Deepening the reasons for the report, detailing that "the agency has predicted that the global economy will grow by 3.5%, 0.2% less than expected in October 2018. United States imports from China in 2018, resulting in both countries engaging in a commercial war that shook the market. ”
"These figures have also affected the changes in environmental regulations in different countries."