The competitors of YPF They joined the state oil company and applied from this month a decline in the prices of their fuels, According to a survey of Infobae With market sources.
The Government decided to re -postponed the update of the fuel tax scheduled for May, a movement that usually has a direct transfer to the prices of the gasoline and the diesel in suppliers. The official intention, as happened with public services rates, is to resume inflation deceleration after two months in which the indicator was on the rise.
YPF applied a cut in its fuels of 4% average nationwide due to the decrease in international oil prices, the elimination of Crawling PEG, the tax component and biofuels, as reported from the company. In the Autonomous City of Buenos Aires (CABA) there was a decrease of 4.75% average, with higher declines in the most expensive fuels.
The most pronounced reduction of the state oil company was in the EURO GASOIL, which went from $ 1,472 in April to $ 1,354 in May, which implies a decrease of 8.02%, according to data informed by the specialized portal Suridores for the city. He was followed by the premium gasoline, whose price fell 5.97%, from $ 1,474 to $ 1,386. Meanwhile, the common diesel fell 2.98% (from $ 1,209 to $ 1,173), while the super gasoline recorded the lowest variation with a 2.01% decrease, as it descends from $ 1,194 to 1,170 pesos.
After the decision of the company directed by Horacio Marín, the Minister of Economy, Luis Caputohe celebrated it and in his X account he said that “in this new Argentina, prices are not inflexible down.” He added: “With this reduction, the price of fuel in YPF is 9% cheaper than competition.” But that did not happen, since the other oil companies reacted almost immediately.
YPF concentrates about 60% of the fuel sales in Argentina and its competitors usually move in the same sense not to lose market. From Shell They said to Infobae They applied a decrease in their “in line with the market” prices but did not want to give greater details and mentioned that they will continue to “monitor” the situation.
Also from Axion confirmed this Friday that they also lowered their prices in line with the reduction applied by YPF, while in Puma They still did not make a decision about it. They also confirmed the decision of the companies of the service stations consulted.
The Confederation of Hydrocarbons and Related Trade Entities of the Argentine Republic, That it brings together service stations throughout the country, expressed its immediate support to YPF’s decision to apply a reduction in fuel prices from this month. But he took the opportunity to claim that compensatory measures are implemented that allow sustaining the sustainability of the sector, affected by a combination of factors that stress their survival.
“We support the measure that YPF took”they pointed out from Cecha to the site Suridores.com.ar. However, they warned that while these decisions can relieve the pocket of consumers, it generates concern among operators, who face increasing costs in a context of profitability margins that become increasingly narrow, said the specialized site.
YPF’s decision obeyed the “permanent analysis of a series of key variables that the company performs to define its price policy,” they said from the company. Among these factors, the evolution of the international price of the Brent crude – main reference for the local market -, the price of the exchange rate, the current tax burden and the price of biofuels.
