The Minister of Industry, Energy and Mining, Omar Paganini, declared this Monday that, after analyzing the situation, the government decided “a minimum adjustment in fuels”, which takes into account the “very strong” increase in oil costs. in the last month (around 15%) and the accumulated since the last time the rates to the public were adjusted in September.
“The smallest possible increase was made, also taking into account Ancap’s finances. In other words, what remains of Ancap’s extraordinary profits from last year will continue to be used to mitigate what has been this increase in costs. The increase should be approximately double, ”said the press conference.
“When you look closely at how costs have evolved and how much oil has risen in the last month, we cannot effectively support them completely because that generates very strong commitments in Ancap’s accounts,” he warned. The government had chosen to freeze the rates from October to January, taking into account the extraordinary profits that the oil entity had from the sale of diesel to UTE.
“What the government wants as much as possible is not to pass on the increase in international costs that is taking place and that is very notorious to the economy and citizens,” the minister added.
“Today we are transparently saying that the price should have gone up more. As we still have the rest, as we still have our backs, we can defer this increase a bit, but we are doing it today, February 1, regardless of all the debate in the LUC,” Paganini said.
