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The National Petroleum Company (ENAP ) announced the prices to be recorded as of Thursday, which will be pushed down by the dollar, the international value of crude oil and the price of oil. Fuel price stabilization mechanism (Mepco).
According to the state-owned company, for the period from February 14 to 20, the liter of gasoline from 93 octane will decrease by $ 5.8 to reach 696.7 pesos, marking his seventeen consecutive losses.
The same change recorded that of 97 octanes, which reached 717.5 pesos per liter at its sixteenth week with 5.8 pesos less. The diesel will also drop 5.8 pesos, or 518.3 pesos per liter.
In the same line, kerosene will record a fall of -8.6 pesos, reaching 480.5 pesos per liter, as the liquefied gas (LPG) which will mark a drop of – 2,7 pesos, remaining at 205 pesos.
In this scenario, gasoline at 93 octanes will complete 17 weeks down, with a cumulative decline of -98.6 pesos from late October to the date indicated.
Meanwhile, gasoline 97 octane records its 16th consecutive loss and already accumulates a decline of -91.2 pesos as of November 1.
Thus, both reached their lowest price since May 10, 2018 and, overall, since October, they recorded an average decline of -94.9 pesos.
For its part, diesel has decreased by 64.2% per liter (since November 15) and LPG by -91.5% per liter.
Unsuccessful reduction
From ENAP, they explain that the reduction in the production of oil producers in the world has not borne fruit. Saudi Arabia has taken the lead since January to try to raise the price, but this strategy – despite 80% compliance with the plan – has not yet led to significant changes in the global market.
In any case, OPEC would evaluate even more aggressive reductions over the next six months. Saudi Energy Minister Khalid Al-Falih said his country had reached 10.3 million barrels of crude oil equivalent in January and that it would be reduced in January. February at 10.1 million barrels.
In the meantime, the sanctions imposed by the United States against the Petróleos de Venezuela Sociedad Anónima (PDVSA) would affect the state company's exports of 500 Mbd (thousands of barrels per year). day). However, badysts pointed out that US oil companies would not be affected because they would replace these imports with crude of Mexican and Canadian origin. In fact, crude inventories in the United States continued to rise week by week.
This scenario prompted Wednesday the announcement of the Ministry of Finance in Chile, which stated that the value of Chilean fuel would continue to decline at least until the end of March, with a total fall up to 120 pesos.
The prices correspond to the reference values of ENAP, which only aim to provide information relevant to the fuel market, unlike those reported by the National Energy Commission in its system of energy. 39, information on online fuel prices.
In fact, the company specifies that it can not be considered as a document defining the values for the Chilean consumer, because they are totally free, because the Chilean market is characterized by its openness, its competitiveness and its deregulation.
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