Fuel prices Increase again from 0 o’clock this Saturday. The increase will be on average 3.5% across the country, higher than initially expected.
The reason for the increase is Tax update Who are paying for the fuel, which will affect it on Friday, the most Improvement in profit margins of oil companies.
YPF, The main company in the sector, Confirm the increase. Your competitors, Shell and Axion were also preparing for the spotlight In the next few hours. Puma It also tends to go in this direction.
Since mid-August, when the first amendment to this administration, fuel It has actually gone up over 34% on average.
The price of super naphtha fuel will remain at $ 71.90 at YPF terminals in Buenos Aires. This oil company usually has the lowest quantities on the market. And $ 72 denotes Buenos Aires. Now suburban crossings, that amount is higher, which means higher than the 34% that was in August.
“Premium” gasoline (Infinia) jumped from $ 80.20 to $ 83.10. Diesel traded from $ 64.60 to $ 66.90, and “premium” diesel from $ 76.10 to $ 78.80.
For the tax component, An increase of 1.4% was expected for diesel and 2% for gasoline. But oil companies also wanted to rebuild their margins which were trailing due to inflation in December, which is why the increase was higher.
“This amendment includes an increase in the tax component (ILC and IDC) by 7.7% which has gone into effect as of January 15,” YPF said in a statement.
With fuel prices already up 3% on Tuesday from last week, if these new taxes are added, they will expire at A cumulative adjustment approaches 7% in less than two weeks.
There was another tax update a month ago, on December 15th. Between the two and the reconfiguration of biofuels, prices rose more than 13% in one month.
in December, The government decided to increase taxes paid on fuel. A 5.4% increase applied from December 15th and now there is another 7.7% from January 15th. This will be the seventh download since August.
The tax hike passed from December 15th to suppliers, along with refreshing business margins. On that occasion, the increase was an average of 4.5% and 5.5% in the city of Buenos Aires.
Last week’s rally, according to the oil companies consulted, only responds to the price hike that the oil companies have to pay. For biofuels What do they use.
The tax increase is not covered, as was made clear last week. That is why, and given the modernization of these taxes, this increase is accompanied by “some” margin reconfiguration.
So far, cEvery time taxes are raised, the oil companies end up converting them to prices.
“Prices are already over 11% behind,” the companies say to justify the lack of margin for not making an increase. Moreover, they also specify if there will be an additional reconfiguration. If this increase is implemented, fuel prices would rise 10% between mid-December and mid-January. Clarion I expected this increase in our January 6th issue.
In October, the increase in these taxes occurred. The executive asked the YPF not to transfer them immediately. He did it at the beginning of the month. But in the middle of the month, when the increase took effect, the state oil company ended up increasing. So did its competitors.