The national oil company Yacimientos Petrolíferos Fiscales (YPF), made effective today the 4% increase in fuels, which was agreed with the Minister of Economy, Sergio Massa, within the framework of the Fair Prices value control program. In this way, the increase in both gasoline and diesel of different categories increased the maximum agreed upon in the Government’s measure.
After the sectors producing mass consumption items, such as beverages, food, personal hygiene and cleaning, adopted Sergio Massa’s measure, agreeing to freeze the prices of about 2,000 products and increase another 30 with a maximum limit of 4% per month. thousand articles; the oil companies most important in the country, such as Shell and YPF, they were summoned to agree with the minister their incorporation into the price program.
After the fuels entered the measure, they dealt with the clothing sector, strategic inputs for the industry, footwear and pharmaceuticals, where they ended up being incorporated into Fair Prices. The price of the different fuels and their categories offered by YPFare the following: super naphtha 156.80 a liter; premium gasoline 197.40; common diesel 168.40 pesos and the premium 236.43.
The main competitor of the national Oil Company, Shell, has increased prices by at least 10 pesos for each fuel and its category, expecting, like YPF 4% increase for the month of February and 3.8% for March. After the third month of the year, the companies and the Government will meet to define the following increases and as the projected inflation marks a greater deceleration, it is expected that the agreed increases will also be smaller.
YPF increases the value of its shares on Wall Street
The titles of the national oil company broke the US$10 barrier, almost reaching US$11, where in the last six months their values have risen by 275 percentage points. The public papers of the oil company in question had been lowered after the results of the PASO elections on August 12, 2019 were known and the situation worsened with the arrival of the coronavirus in our country in 2020. On July 21 of last year, the company’s shares were worth just $2.91.
For the digital magazine Yahoo! Finance, a site specialized in international company shares, YPF It is among “the three best emerging stocks to invest in”, having an expected growth rate of 85.9% for the first quarter of 2012 in terms of earnings. Thus, with this increase, the company increased its market value from more than US$2,000 million to US$7,678 million.
