YPF ordered an increase in gasoline and diesel

Increase the price of fuel from August 21. NA Photo: MARIANO SANCHEZ

After three months, the oil company YPF announced a new increase in fuel prices. The rise is effective as of this Sunday, August 21, and responds to the evolution of the variables in the formation of prices, as indicated by the company.

The ad specifies that the new values ​​in gasoline and diesel will have an average increase of 7.5%, which involves 8.5% for gasoline and 6% for diesel.

Given the implementation of new prices for its products, the company clarified that “YPF will continue to make its greatest productive and logistical efforts to sustain supply in the national market in a context of sustained historical demand records.”

Due to the fact that the factors that influence the formation of fuel prices continue to increase, the company clarified that “After this adjustment we will continue to monitor the evolution of the variables.”

Taking into account an increase of 7.5 average, it is estimated that in the City of Buenos Aires a liter of premium gasoline will go from $120.30 to $130.05, premium gasoline, from $147.30 to $159.8, diesel from $128.10 to $135.7 and premium diesel will increase from $175 to $185.5.

Fuels will rise by an average 7.5%.  Photo: Maximiliano Luna.
Fuels will rise by an average 7.5%. Photo: Maximiliano Luna.

According to reports, this time The increase will be greater in gasoline given that it is estimated 8.5% between super and premium, while diesel will rise 6% on average between grade 2 and grade 3.

Among the factors that influenced the measure, the increase in the price of bioethanol since May 9, when the last increase in fuels was registered, stood out; as well as the accumulated devaluation since the last gasoline adjustment, which represents 16%.

In the last fuel increase that was implemented at the national level during May, the average amount was 9% and it was explained that the decision was made based on: the evolution of costs associated with refining and marketing; the increase in local prices of biofuels produced by third parties and that marketers must purchase at a regulated price; and the sustained increase in the international prices of fuels that need to be imported to complement local refining.

The increase in the last 12 months applied by the oil company amounts to 41.7%, according to sources linked to the sector. The variation is below the evolution presented by the Consumer Price Index (CPI) and the relative prices of the economy, they remarked.

At the same time, it was noted that there continues to be a significant difference in prices with neighboring countries, which promotes the sale of different products abroad through the consumption of foreign patent vehicles. The situation generated a significant increase in the demand for gasoline and diesel in the provinces of the North Coast and the NOA.

In addition to the price increase, YPF announced that it decided to implement financial aid for its network of service stations. In this regard, it was detailed that it is equivalent to two points of the total increase in gasoline and diesel. According to what was reported by Telam“In the last 12 months, the accumulated price adjustment of the brand’s gasoline is 32% and that of diesel oil is 51%, that is, an increase of 41.7% on average.”

Beyond these indicators, it was noted that the rest of the variables linked to the local economy maintained a significant rise. Thus impacting the decision to increase the price of fuel.

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