Oil companies would increase between 5% and 8% of naphtha this week

The oil companies that supply the Argentine oil market would apply a price increase of between 5% and 8% this week, according to market sources at NA.

] The last adjustment was launched on July 7 by YPF and 11 by the rest of the companies, but companies are now looking to reduce a "backlog" by up to 20% of the retail price.

] According to the sources consulted by this agency, the prices of naphthas and diesel were exceeded by the sharp rise in the value of the dollar and the barrel of international crude oil.

Monday, supported by a decline in the dollar and questions about the effect of US sanctions on Iran.

The North Sea Brent barrel for September closed on the London market at $ 74.97 after gaining 68 cents; in New York, a barrel of light sweet crude (WTI), also in September, gained $ 1.44 and was 70.13

. These prices were between $ 58 and $ 60 at the beginning of the year. at which point the value of the US currency on the Argentine currency market also increased by 50%.

The new price increase would be applied as early as Wednesday or Thursday, according to oil companies in a completely free market. and without intervention from the Department of Energy

Up to this year, super-naphtha and diesel increased by 22% and would still increase by 5% ; while premium fuels have already increased by 27% and now by 8%.

This new adjustment will be recorded in the middle of supply problems which suffer from white flag and former oil service stations, given that the major oil companies on the market only sell them by quota.