Paganini says that the drop in the value of oil could lead to a reduction in the price of fuel

Paganini says that the drop in the value of oil could lead to a reduction in the price of fuel


Minister of Industry, Omar Paganini.
Minister of Industry, Omar Paganini.

Paganini acknowledged that the government is “expectant” to the evolution of the international price of oil, which in August had a significant drop.

In this sense, the Secretary of State announced that in September there could be a “reduction” in the price of fuels in the local market.

In statements to “Arriba Gente” on channel 10, Paganini stated that “the numbers, as of August 22, indicate that there was a significant drop, on average, in the price of oil.”

“We believe that this drop could be transferred to the local prices of gasoline and diesel,” he said.

However, he warned that “there are still several days to make a decision.”

The new fuel pricing system is based on a tool called: Import Parity Price (PPI) that is prepared by the Regulatory Unit for Energy and Water Services (URSEC) on a monthly basis, according to the evolution of the international price. of the crude.

In July and August, fuel prices remained stable, after several months of rising values.

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