The Minister of Economy, Sergio Massawill announce this Monday that the fuels will integrate the Fair Prices for four months with increases limited to 4%, in the first three months and 3.5% in the last, according to official sources consigned to Télam.
Massa and the Secretary of Energy, Flavia Royónwill meet with representatives of the oil companies to define the terms of the agreement that contemplates a limited increase in the sale of liquid fuels.
“There will be a path of increases in the next four months with caps on increases to reduce inflation,” the official spokesmen said.
The head of the Palacio de Hacienda, Royon, and the Secretary of Commerce, Matias Tomboliniwill meet this Monday with executives of the companies YPF, Shell, Axion and Puma to finish defining the details of the agreement.
A government spokesman announced that “The companies will not be able to increase more than 4% per month in the first three months and present an agreement that has a fourth month with a ceiling of 3.5%”.
Regarding the program, the authorities trust that the signage that will distinguish the products in the gondolas will be completed and progress will be made with the training of inspectors that will be decentralized and in charge of the municipalities.
A sustainable pricing policy
Currently, the application for mobile phones -Fair Prices, for phones with Android and IOs- is already available, which has already had more than 100,000 downloads in recent days and allows you to see the list of products included, read barcodes and an option to report a price difference or shortages.
The Government launched the Fair Prices program
The agreement covers 100 companies that represent 86% of mass consumption in the country and aims to “achieve price stability for essential products consumed by Argentine households.”https://t.co/bejCScQVaU pic.twitter.com/IBsAfTs4Aj
– Telam Agency (@AgenciaTelam) November 11, 2022
The objective of this measure, assured the official sources, is “to have a sustainable and predictable price policy over time, which allows order to be given to both consumers and producers – who will now be certain of the moment in which they will access foreign currency to add imported inputs – and also ensure supply”.
In this way, it is ensured prevent corporate abuse that, given the uncertainty, they accelerated the rise in prices since last July and that, now, they will have an increase limit of 4% that will be monitored daily by the Secretary of Commerce, through electronic systems and with the assistance of the mayors and the inspectors who will be able to set and collect the fines.
“We are very focused on continuing deepening the roadmap of the minister (Sergio Massa), who shortly after taking office raised a panorama that had to do with achieving fiscal order, accumulation of reserves and since both things were achieved, it is possible to move forward with what has to do with price policy”, Tombolini said days ago.
The official added that “it will help to order the price dynamics on a calmer path”, and stressed that it “contains a series of points regarding supply, scope and penalties that differentiate it from previous price agreements”.
for now There are more than 113 companies included in the program and 1,823 products that will remain at constant prices in 2,500 outlets of 18 supermarket chains, 9 wholesale chains with 200 points of sale, and 25 local chains in the interior with more than 150 grocery stores. the whole country.
