Tuesday , May 18 2021

Consumption of gasoline falls for the third month in a row – 01/01/2019

Fuel sales took place in November the third consecutive fall. If during the first months of this year the driver managed to keep the level of consumption positively despite rising prices – although there was constant abandonment of premium products in favor of September, the market began to fall: 6% in that month and 2.84% in October . In November, the last available digit, the decline was increased to 8.26%, according to data from the Energy Secretariat, which is being distributed on a specialized Surtidores.com.ar site. The decline compared to October was 2.21%.

As in the previous months, premium oil (which has already been quoted at more than $ 44 per liter) was the most heavily hit, s a reduction of 30 percent.

The part-everything-from that fall is absorbed by super-oil, whose consumption grew 2.74% in November, with a cost of $ 37.60 to $ 42, depending on the neighborhood where the petrol station and the brand are located.

As for diesel, both the premium and the common pads have fallen. The first fell by 9%, while the second dropped by 7.88%.

YPF is the first oil company to lower its prices in December. Photo: Marcelo Carroll

YPF is the first oil company to lower its prices in December. Photo: Marcelo Carroll

Oil prices were in November 76.9% above one year's level back in the case of super oil and 78.5% in premium, according to calculations Surtidores.com.ar.

As for diesel, the increase compared to November was 83.6% higher compared to 2017 for normal and 86.1% premium diesel.

In December it was the only month that gasoline had dropped instead of going up. Prices fell by 1.5% in case of YPF.

The fall in international oil prices plus the stabilization of the pacifs relative to the dollar were factors that influenced this move.

It was the first and only fuel drop to 2018. Now, at the beginning of January, it will be necessary to see what accounts are made of oil companies. Javier Iguacel's departure from the Energy Minister and his replacement by Gustavo Lopetegui may bring some innovation in the fuel sector.

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