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January 30, 2023
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With rising international prices, the government defines gasoline and diesel rates for February

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The executive power It will define for these hours what the rates for fuels will be in the month of February.

After the reduction applied in January, of $3 in gasoline and $6 in diesel, the authorities will have to make a new decision.

On this occasion, the values ​​of international prices in the Gulf of Mexico in the US they moved higher in the last moving month ended January 25.

In any case, it must be remembered that on other occasions when the Import Parity Price (PPI) marked increases, the authorities chose not to transfer it to local prices and they froze the prices to the public. This criterion was used on more than one occasion during 2021 and 2022.

The international market

In 29 days of the measurement window -until January 23-, the average value for the simile of the naphtha Uruguayan rose $4.3 per liter, and went from $21,663 to $25,965 (19.8%) compared to the previous monthly average. This according to data from the Energy Information Administration (EIA) processed by The Observer.

For Super 95 gasoline, the most consumed in the country, Ursea takes the average international price of two types of gasoline: CBOB Regular 87 and CBOB Premium 93.

Meanwhile, for the gasoil the closest possible update to what the PPI would indicate shows that the average price per liter rose $3.79, from $29,917 to $33,421 (12.6%) in the monthly comparison. This fuel has as reference the price of Ultra Low Sulfur Diesel (ULSD 62).

These data are only an approximation to what has happened so far in the international market and take into account two central variables: the daily dynamics of prices in dollars in the US and the value of the exchange rate at the local level.

The official figures taken as input by the authorities are those processed by the Energy and Water Services Regulatory Unit (Ursea). That PPI report to date has not been published by Ursea, which will deal with the issue in these hours, as learned The Observer. After the January adjustment, local prices had been aligned with the international reference.

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