In the last few hours, the Broad Front received a report from its director at ANCAP, Vicente Iglesias, on the situation of the public company, the price of fuel and crude oil.
In this regard, the Broad Front presidency issued a statement in which it asserts that “fuel prices can and should be lowered based on two factors: ANCAP’s 128 million dollars in profits in the first half of 2022, and the current price of crude oil that is with values from the beginning of the year”.
“Once again it has been shown that having its own refinery in the hands of ANCAP generates value, because with sales figures below the Import Parity Price (PPI), the company obtained a profit of 128 million dollars”, states the Wide front.
On the other hand, for the left “the mechanism that supposedly allowed more transparency failed”.
wrong calculation
“If in the previous months ANCAP had prices below the PPI and still gave profitability, it is concluded that using this calculation is wrong. The company’s own production price must be calculated,” the left raises.
The FA reiterates the proposal made to the Presidency of the Republic in the “Plan of Measures” to mitigate the economic and social crisis that allows for “stability and predictability in fuel prices.”
In said plan, the Broad Front proposed to create a “crude oil price stabilization fund” to cushion the impact of the rise.
It also proposed “deepen the price risk protection policy by contracting oil price coverage”.
September
For his part, in the last few hours, the Minister of Industry, Energy and Mining, Omar Paganini, said that until this Monday, August 22, there had been a “significant drop” in the international value of oil, which should translate into a reduction in the fuel prices from September.
However, he warned that “there are still several days to make a decision.”
The new fuel pricing system is based on a tool called: Import Parity Price (PPI) that is prepared by the Regulatory Unit for Energy and Water Services (URSEC) on a monthly basis, according to the evolution of the international price. of the crude.
In July and August, fuel prices remained stable, after several months of rising values.
