2024-09-22 05:00:01
YPF President, Horacio Marinintroduced that the corporate is thinking about decreasing gas costs in October. The reason being stated to be the autumn within the global worth of a barrel of crude oil.
“The cost of a barrel fell by way of US$10 and final week it rose by way of US$4. We’re examining it and I promise that subsequent week we can have a choice,” he defined. If this occurs, it will be the first drop in worth after 5 years of consecutive will increase. The final lower in fuel and diesel dates again to 2019.
“The cost of gas depends upon oil. If it is going up, the cost of gas has to move up. If it is going down, it has to move down. At YPF, if the cost of oil is going down, customers don’t have to subsidize YPF as a result of it isn’t truthful that we take a benefit above what’s logical for the sale of gas. Likewise, when it is going up, we can not elevate the cost of gas as a result of in a different way there will likely be a subsidy from YPF to customers. The cost of a barrel went down US$10 and final week it went up US$4,” defined the pinnacle of YPF in an interview for LN+.
On the other hand, it isn’t but transparent how a lot the associated fee drop may well be. On the other hand, if it does occur, it’s anticipated that the associated fee drop will likely be larger for diesel than for fuel.
“After we joined YPF, we noticed a big distortion within the relative costs of fuel and diesel in comparison to global costs. The price of fuel in Argentina, in comparison to global costs, was once a lot not up to that of diesel, so the similar adjustment can’t be made for the 2 fuels,” Marín endured.
In regards to the relief of worth variations between the other areas of Buenos Aires, he stated: “After we entered, the variation between the Federal Capital and the suburbs was once round 15%. As of late it’s 2% or 3%, almost not anything. That is in response to logical justice. It can’t be that gas is dearer within the suburbs than within the Federal Capital.”