US EditionFuels: Other Oil Companies Will Imitate Ypf and Will Not Increase Prices for 45 Days
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As well as YPF, the main oil companies operating in the country will also freeze their prices for 45 days, within the framework of a common strategy that tries to stabilize the values in a context of an increase in international prices. The measure had been announced by the state capital company and began to govern from last Wednesday, with the expectation that it will extend until mid-May. YPF was now joined by other oil companies that operate …
Last Wednesday, the country’s main oil companies agreed to keep the values of naphtha and diesel in the dispensers unchanged for at least 45 days. The hydrocarbon industry adopted the strategy that YPF promoted to try to stop the impact of the international oil crisis on an internal market hit by the fall in demand. The nominal freezing hides an accumulation of private liabilities. The refineries will pay the cargos taking as a reference the val…
YPF and the main companies in the sector agreed on a mechanism to keep the prices of naphthas and diesel oil unchanged, despite the Brent oil escalation around US$110 per barrel. The entry Oil companies join YPF to stabilize the price of fuels for 45 days was first published in #BorderJournalism.
The main private oil companies operating in Argentina agreed to sustain fuel prices unchanged for 45 days and thus joined the strategy that the state-majority company YPF activated to contain the impact of the international oil escalation as a result of the war against Iran. The measure, national in scope, began to govern last Wednesday and will remain for at least 45 days, in a context of a drop in demand at the local level and of strong volati…
Argentina’s main oil companies decided to join YPF’s strategy and freeze fuel prices for 45 days, in an attempt to curb the impact of the international oil increase on the local economy. The measure, which is already underway, emerged in the middle of the war in the Middle East, which triggered the value of crude oil and pushed domestic prices upward. Source
The decision is taken after the international value jump of the crude oil for war in the Middle East. Naphtha per s is sold to more than $2000 in much of the country.
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