The national government defined that electricity and gas rates will not have increases for inflation in July to prevent inflation from rising more strongly and causing a cascade effect in the production chain.
Does two months that the increase in energy rates due to inflation should have begun to be implementedbut the position of the Minister of Economy, Luis Caputo, has taken precedence over the technicians of the Ministry of Energy.
The minister does not want the drop in the Cost of Living in recent months to be reversed, as some specialists warned in the first weeks of June.
The purpose of postponing the measures is prevent additional pressures on the cost of living.
The objective is to take the foot off the accelerator by applying more costs to households that have suffered a sharp loss of purchasing power.
The intention is to consider seasonality (that is, greater consumption due to winter).
A decision for now for July rates
The decision was initially made only for July rates. with the intention of sustaining the recovery of the purchasing power of the population.
The measure is established for household consumption for the next month and, depending on the billing date, in principle most users would pay it in August.
TO At the beginning of this month, the Government modified the maximum subsidized consumption limits and bonuses on wholesale prices of electricity and natural gas for users N2 (low income) and N3 (middle income) according to the Transition Period established by Decree No. 465/24.
The The measure marks the beginning of a process to move from a generalized subsidy regime to a targeted one, in which the user can know the cost of kW of electrical energy and m3 of natural gas, which is identical for everyone.
In the case of gas rates, July consumption will not increase either.This means that the user will pay exactly the same as in June, as long as their consumption is the same.
They limit the increase in fuel taxes
It will also be deferred, like May and June, the increase in the fuel tax (ICL) The price increase is expected to start on Monday. Only a 1% increase will be applied to this item instead of a considerably higher percentage. It remains to be seen what position the companies will take next Sunday evening and how this will be transferred to the pumps.
Oil lasses –YPF, Axion, Shell and Puma– They could transfer the 2% corresponding to the monthly devaluation of the peso to the suppliers so as not to fall behind international prices. The final increase will be less than 4% monthly, as in recent months.
