The Fuel prices will drop this Thursday, September 1 for the first time so far in 2022, after two months with frozen rates. This was decided by the Executive Branch after analyzing variables such as the evolution of international prices and Ancap’s finances.
The Minister of Industry, Energy and Mining, Omar Paganini, informed the media this Wednesday that the price of Super 95 gasoline it drops $3 per liter at the pump (3.7%), and goes from $80.88 to $77.88.
Meanwhile, that the price of common diesel remains unchanged and its price to the public remains at $64.99 per liter, informed the hierarch.
The price decrease is the second since the implementation of the monthly tariff-setting mechanism based on the Import Parity Price (PPI) in force since June 2021. Until now, the only decrease had occurred in September of that year.
as advanced The Observer last week, after a (long) bad streak at international level, there were great chances that there would be a decline this month. The behavior of the reference prices on the coast of the Gulf of Mexico in the US has been in that direction during the last few weeks.
Although the international market had already given a truce in July, it had not been of the necessary magnitude to be able to reverse the lag that the rates dragged due to adjustments lower than what the PPI marked for five consecutive months, between February and June.
Now the monthly numbers showed a decrease in the international price of gasoline, and also in diesel, although this fuel is still $1.5 above the current retail price in Uruguay.
Paganini explained at a press conference that the variation in gasoline “allowed this product to go down a little more.” Meanwhile, “diesel should have been raised.” “We are compensating for both things with a significant drop of $3 for gasoline and maintaining diesel,” he explained.
On the other hand, the price of supergas (LPG) remains at $63.35 per kilo. In this way, the 13 kg bottle has a cost to the public of $823.55 (without shipping). The price of this product will continue to be frozen until the end of September for the entire population, as announced by the government on May 17.
What the Ursea technical report showed
This Wednesday the technical report of the Ursea covering the period between July 26 and August 25 was also known. The Import Parity Price (PPI) ex-plant of the La Teja refinery for Super 95 naphtha –including taxes and blending with bioethanol– determined a price of $66.10, that is, $6.57 less than the previous month. (-9%).
In the case of common diesel, the ex-plant price shown by the Ursea PPI –including taxes– is $56.29; $3.34 per liter less than the previous month (-5.6%).
