Due to the devaluation, the naphtha exceeded what had been agreed with the government

Oil companies started this morning with gasoline gasoline increases this month, although was higher than what was prescribed : YPF noticed price in gas stations -5% service despite the agreement of the entire oil sector two months ago provided for a 3% increase.

To justify the over-growth, the companies relied on two variables: that since the close of the price agreement at the end of May, the dollar and the value of the barrel of crude oil increased so that 3% was insufficient readjustment. Other firms will follow the same path of climb, waiting to sit again to discuss a new deal with the national government.

YPF, whose property is mostly public, started this Sunday with price increases of 5%. Super naphtha in its pumps costs, starting today, $ 27.83 a liter . Until yesterday, it was worth $ 26.50. Meanwhile, premium quality naphtha rose from $ 30.74 to $ 32.20 and diesel from $ 23.05 to $ 24.20. Industry sources claimed that the rest of the industry would also apply increases in those early days of the month . The peculiarity is that the increase was greater than that which had been signed with the then Minister of Energy, Juan José Aranguren.

According to petroleum industry sources consulted by TN.com.ar YPF estimated that "since the signing of the agreement, conditions have changed: the dollar and the barrel of oil have increased and the naphtha rose 3% does not make sense. "YPF president, Miguel Gutiérrez, had already met the Minister of Finance and Finance, Nicolás Dujovne.Therefore, they evaluated for the government" it was not surprising the increase of 5% "

With the replacement of the energy authorities, companies hope to rediscover a new macro-economic agreement that establishes how gasoline will increase in the coming months. "Due to the profile of (the new Minister of Energy, Javier) Iguacel, it is likely that the government will not release prices and will seek to reach an agreement for the next few months, but until the dollar stabilizes difficult to make cost projections "said a source from an oil company.Even from the private sector, they warned that" the fuel values ​​are still very backward, if the prices are not recomposed, it will be difficult to support the activity. "

Since late May, date of the last price agreement with the former Minister Aranguren the international price of the barrel of oil has increased by 7 dollars which represents a increase in the cost structure of companies. At the same time, being a good linked to the price of the North American currency, devaluation becomes a determining factor for the price of fuels. During the same period the exchange rate increased by more than 4 pesos from $ 25.57 to over $ 29.60