The Argentine Energy Company YPF (fiscal oil deposits) is preparing a new system that will enter into force in June of this year, which will allow modify fuel prices during the day According to sales that are registered in each of its more than 1,600 service stations throughout the country. Thus, the company can adjust your prices more flexible to win market y increase your gain margins.
Its goal is to increase the competitiveness of prices, allowing the company to adapt to consumption variations in different locations. “Let’s say that in a town where little is consumed at night and we lose money, so we can lower the costs, generate the self -describe and lower the prices of the gasoline. That way, we will be more profitable and people will load cheaper“The President and CEO explained, Horacio Marín.
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The system, called “micropricing“, will be managed from the Real time Intelligence Center (RTIC)located in the Puerto Madero neighborhood. Through this tool, the oil company can monitor in real time how sales behave at each service station and adjust prices in accordance with local supply and demand, which will allow it to compete more effectively with other companies in the sector.
Even at the Muerta Vaca sitethis system allowed to improve the efficiency in the production of oil and natural gas, reducing costs and accelerating perforations.
With this new technology, YPF hopes to achieve a reduction in 45.5% in the Well drilling timesincrease the drilling speed in 61.4% and generate savings of 200 million dollars a year in the oil exploration and production sector.
Millionaire savings and new adjustments
In a recent presentation made in April of this year in the New York Stock Exchange (NYSE), the Argentine Energy Company stressed that this optimization system will also have a great impact on the refineries and service stations segment. Consider that, in the next five years, it may Generate efficiencies for 800 million dollars In that sector, which will allow Improve gain margins in approximately $ 6 per barrel.
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At the beginning of May, fuels recorded an average decrease of 4%after the national Government’s decision to postpone the tax rise until June. In the city of Buenos Aires, the Super gasoline was $ 1170the Premium a $ 1386he diesel in $ 1173 and the gasoil Premium en $1354.
This price adjustment is part of YPF’s efforts to maintain a competitive offer against market fluctuations, both national and international.
MVS/EM
