Fuel price could rise in December

Although the price of oil is falling in the world, the probability of this fall is transferred to the price of the pumps of Argentina that is starting to disappear. Even, there are already experts predicting that fuels will rise again in the first days of December.

The sharp fall in the price of crude reached $ 60 a barrel, nearly 16% less than at the beginning of the month, when oil companies adjusted their local values. However, the decline is against the sudden rise in the dollar, which appreciated 10% last week and Monday the $ 40. Added to this is the 8.34% increase in bioethanol and imminent tax adjustment coming into effect next month.

José Sureda, former Secretary of Hydrocarbon Resources of the nation explained to the website www.surtidores.com.ar that oil accounted for between 75% and 80% of the price in refinery. "The remaining 20% ​​in the long term are also dollarized, and since the taxes are proportional, with the exception of the carbon tax, almost 100% of the final price is dollarized," he said.

If it materialized, it would be the fifteenth naphtha increase since the beginning of the year. The central issue is the application of the quarterly increase in the fuel transfer tax (ITC) and the carbon dioxide tax (CDI). The latest adjustment of the ITC and IDC was applied in September and continues until November 30th. On December 1, this new adjustment will be applied until February 28. Both taxes have an important influence on the composition of the final price.