This Wednesday, August 31, the Ministry of Industry, Energy and Mining announced that starting at zero hour on Thursday, September 1, a reduction of three pesos will be applied in the price of gasoline.
Super 95 gasoline will drop 3 pesos per liter at the pump, while 50S diesel will continue at 64.99 pesos per liter and supergas at 63.35 pesos per kilogram.
Through a statement, the Ministry of Industry reported that “as a result of a tariff policy that reflects the reality of the international market, the Executive Branch decided to lower the price of most fuels.”
The decision is based on the “regression of the international values of fuels reflected in the indicator of Import Parity Prices (PPI) of the last month.”
The price of a barrel of Brent oil today has traded at 96.96 dollars, losing -0.88 dollars (-0.90%) compared to the previous close.
“In the period of sustained rise in oil at the international level, the government decided not to fully transfer these increases to the public with the aim of protecting economic recovery and minimizing the impact on family consumption and production,” says the Ministry of Industry through a statement.
Diesel and supergas are maintained
On the other hand, the Secretary of State indicates that in the case of diesel and supergas, international prices “remain above the current retail price, which is why they will remain unchanged,” in the local market.
Likewise, the government “will continue to monitor” the volatility of the international energy market, “without neglecting ANCAP’s equity and financial situation.”
