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Home / argentina / Fuel sales rose by 7% in October, but fell by almost 3% in the year – 11./29/2018

Fuel sales rose by 7% in October, but fell by almost 3% in the year – 11./29/2018

After almost 70% of the price increase, fuel sales rose by 7% in October, compared to September. However, they are registered a annual decline of 2.85%, These official data will be confirmed during November, according to several consulted oil companies. "The floor was reached in September, from there it came to improvement and remained in November, "slip into the company.

As it has happened over the year, "premium" fuels are least beneficial to a certain reactivation. His office improved in October by 4%, but still they are 28% lower compared to the annual level in the case of "premiums" of oil, The highest quality diesel is 6% lower than in 2017.

The total volume of gasoline shipped in October 2018 was 4% lower than in the same month of 2017. In diesel fuel, the reduction was slightly more than 2%.

"Premium" fuel prices have risen by almost 75% this year. This has caused a drop in sales in an unusual way. In the executive department, they argue that higher fuel prices would have to go down (10% mentioned, but with a second bid) starting from December. For oil, oil companies say that these amounts are still late and that growth is almost a fact.

In any case, the improvement last October was recorded in the type of fuel that was delivered. 33% was a larger category, compared to 28% who selected those products in the same month of 2017.

Diesel is on average 32.54 in October for YPF, while "premium" fuel is shipped to $ 38.51. The "Super" largest oil company in the country was $ 36.76, while the premium was sold at $ 43.47.

Price adjustments for November were lower and changed. Axion showed and showed more than 5%, according to what Shell did later. However, YPF has discontinued 2.5% recombination. Since the increase was lower than the competition, Axion and Shell were reversing and returning to an increase to the size of the YPF,

"There has been a migration of 30% of our flag buyers to YPF ", admitted the executive authority who asked not to be identified. "The pressure of the executive power was also pressed by the state oil company to reduce the increase in November," they say in another company. In the government and YPF, they denied that friction existed.

The rally was the easiest in November: it reached $ 37.59 and the premium rose 54 cents to $ 44.01.

Although there are two months to define, oil companies estimate that this year's fuel delivery could be higher than last year. December's behavior will be unbalanced.

The oil outlet, the oil company Cristóbal López, Within the brands that make up the market also has the effect. The market share of the YPF rose from 53.75% to 54.85%, according to information from the Cech Chamber of Information submitted by the Energy Secretariat. Brand Shell (now in the hands of Brazilian Raisin) has lost its market: from 20.93% to 20.54%. Axion grows from 12.25% to 13.91%. This last flag has always been trying to have similar amounts to YPFs, but in the past few months it has also been slightly cut off halfway between the leader and Shell.

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