Sunday , October 20 2019
Home / argentina / Fuel sales increased by 7% in October, but fell by almost 3% per year – 11/29/2018

Fuel sales increased by 7% in October, but fell by almost 3% per year – 11/29/2018



After almost 70% price increase, fuel sales in October rose by 7%, compared to September. However, they register annualized by 2.85%These official data will be confirmed in November, according to several oil companies. "Paul was reached in September, there was an improvement from there and it remained in November, “to slip into the company.

As with the year, the “premium” fuel benefits the least from certain reactivation. His office improved by 4% in October, but still they are 28% lower compared to the previous year in the case of “premium” naphthaThe highest quality diesel is 6% lower than in 2017.

The total volume of gasoline shipped in October 2018 is 4% lower than in the same month of 2017. In diesel, this decrease is slightly higher than 2%.

During this year, prices for “premium” fuel rose by almost 75%. This led to a decrease in its sales in an unusual way. In the Executive, they argue that high octane gasoline prices must go through a decline (10% was mentioned, but with a different dollar price), starting in December. For oil, oil companies say these amounts are still late and that the increase will be almost a fact.

In any case, the improvement of last October was noted in the type of fuel that was sent. 33% were a higher category, compared with 28% who chose these products in the same month of 2017.

In October, diesel averaged 32.54 for YPF, while “premium” fuel was sent at a rate of $ 38.51. The “super” largest oil company in the country was $ 36.76, while the premium was sold at $ 43.47.

November price adjustments were lower and varied. Axion indicated and indicated more than 5%, in accordance with what was done later by Shell. But YPF was cut with a recomposition of 2.5%. As the increase was lower than that of its competitors, both Axion and Shell canceled and revived their increase to the value determined by YPF,

"30% of our flag clients migrated towards YPF "admitted the executive director, who asked not to be identified. “There was also pressure from the executive branch on the state-owned oil company to increase November in November,” said another company. In the government and the YPF, they deny that these tensions exist.

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

Although two months to determine, oil companies believe that fuel delivery may be higher this year than last year. The behavior of December will be unbalanced.

Outlet Oil, oil company Cristóbal López, Inside the brands that make up the market also has its consequences. The market share of YPF increased from 53.75% to 54.85%, according to the Kech Chamber, according to information provided by the Energy Secretariat. The Shell brand (now in the hands of Brazilian Reisen) has lost some market: from 20.93% to 20.54%. The axion grows from 12.25% to 13.91%. This last flag has always tried to have sums similar to the YPF values, but in recent months it has skyrocketed and is halfway between the leader and Shell.


Source link