“The resulting loss of margin is estimated to exceed US$ 5 million,” reported the president of the oil company, Alejandro Stipanicic.
The president of Ancap, Alejandro Stipanicic, reported that the state oil company will import gas oil in response to the union measures that have been arranged, which will affect the maintenance of the refinery and will impact the economy of the public company.
“Guild measures will prevent night tasks during refinery maintenance shutdown and delay its start-up between 5 and 7 days. Diesel import was arranged to avoid stock problems. The resulting margin loss is estimated to be in excess of $5 million,” Stipanicic posted on Twitter.
In addition, he added that “the market prices presented in the tender for the import of diesel are higher than the sale price of the current month.”
A liter of Diesel 50S costs $55.94 at service stations today, while Diesel 10S is priced at $63.29 per liter.
“Given the possibility of delays in the technical stoppage due to union actions announced by a sector of officials and in view of the evolution of demand, in the first half of August, imports of gasoline and fuel oil had already been awarded,” recalled the president of Ancap.
For the chief, given the measure adopted by the union, it is “inevitable to import.”
“Technical stoppages at the refinery require inventory planning to meet demand. If the start-up is delayed longer than expected, as happened with yesterday’s union resolution, it is inevitable to import. You pay more expensive and you lose the refining margin, ”he assured.
Montevideo Portal
