This Thursday a new measurement window is completed on the evolution of the fuel prices on the coast of the Gulf of Mexico in the USA. That is one of the variables that the Executive Power looks at every month to define the rates to the public.
The price of gasoline in the local market has been frozen for four months after a loss that he had in Januaryand the value of diesel has remained unchanged since April, after two drops so far this year. For the month of Juneinternational values have moved slightly downwards during the last moving month.
advance figures
The data processed by The Observer show that in a period of 27 days – between April 26 and May 22 – the average value for the simile of Uruguayan gasoline $2.43 had become cheaper, and went from $27,104 to $24,676 (-9%), compared to the previous monthly average. This according to data from the Energy Information Administration (EIA).
For Super 95 gasoline, the most consumed in the country, Ursea takes the average international price of two types of gasoline: CBOB Regular 87 and CBOB Premium 93.
for the case gasoil, the closest possible update to what the PPI would indicate shows that the average price per liter fell $2.76, from $26,462 to $23.71 (-10.4%) in the monthly comparison. This fuel has as reference the price of Ultra Low Sulfur Diesel (ULSD 62).
These data are only an approximation of what happened in the international market and take into account two central variables: the daily dynamics of prices in dollars in the US, and the value of the exchange rate at the local level.
The decision
The Executive Branch will make the decision in the coming days, after receiving the monthly report on Import Parity Prices (PPI), prepared monthly by the Regulatory Unit for Energy and Water Services (Ursea). Since the implementation of the new system, the government has never based its decision exclusively on what that rule establishes, and has always put other variables of the economic situation on the table.
“The Executive Branch will continue to evaluate the evolution of the main international variables with the commitment to continue safeguarding national economic activity and the cost of living of Uruguayans,” the Ministry of Industry said last month when it was announced that the rates would not change. .
With the values in force in May, Ancap’s income was out of date with respect to the last PPI, which was $4.15 for each liter of Super 95 gasoline. Meanwhile, income for each liter of diesel was $4.32 per above the PPI.
“There are values reasonably similar to those of the previous month,” the entity’s president, Alejandro Stipanicic, told El Espectador radio on Monday, when asked about the trend in international fuel prices in May. “You have to look at the last days of the cycle to see if the averages show up or down, but there have been no big shocks,” he said.
