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February 1, 2023
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Government maintains fuel prices despite international rise

Government maintains fuel prices despite international rise

The prices of Super 95 gasoline and 50S diesel will continue without changes. The authorities resolved to maintain the costs of the main fuels in February, despite the fact that the import parity values ​​(PPI) increased during the last month.

Super 95 gasoline will remain at 71.88 pesos per liter, as the maximum retail price, while 50S diesel oil will remain at 58.99 pesos per liter at the pump.

The decision ratifies the policy of the current administration to reflect the evolution of costs in the international market, mitigating the increases when possible and transferring the decreases, as in the last two adjustments, to the consumer and the productive sector.

In the case of supergas, an increase of 10 pesos per kilogram was resolved, but the 50% discount on the price of the bottle will be maintained for the 130,000 households that receive some of the benefits from the Ministry of Social Development (Mides).

In this way, this fuel will cost 73.35 pesos per kilogram, well below the 93.72 indicated by the PPI measurement. The recharge of the aforementioned subsidized bottles will be worth 475 pesos.

The changes will take effect from 00:00 on February 1, 2023.

The Minister of Industry, Energy and Mining, Omar Paganini, was consulted about the issue, on the occasion of the signing of an agreement between the National Energy Directorate and Sodre, on January 31. He indicated that the measure was taken because Ancap can absorb, at least for this month, the international increase in crude oil.

In the case of supergas, he explained that the rise responds to the fact that it is a product that is mostly imported. However, he stressed, the Government will maintain the subsidy for families that are part of a Mides program.

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