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Tuesday, October 4, 2022

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BCRP: Price reduction in gasoholes will continue in August

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During August the price of gasoholes will continue to fall, as has been seen in recent weeks at the international level, said Adrian Armas, central manager of Economic Studies of the Central Reserve Bank of Peru (BCRP).

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“You can gradually see the reduction in local fuel prices, but when you look at the behavior between international and local prices, there is a certain lag in the transfer of prices. We estimate that the transfer (of prices) would also be observed in August. We think there would be room for the price of gasoholes to continue falling this month”, he narrowed down.

It is worth mentioning that in the last seven weeks the prices of fuels at the wholesale level, at least in the plants of Petroperu, they have fallen; thus replicating the discounts given by Osinergmin in its reference prices.

Why fuel prices still do not drop at the taps?

The Republic was able to verify that the service stations operate with a profit margin of between S/ 1.50 and S/ 2.01 for each gallon sold, in the case of gasoholes of 90 and 95, respectively.

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In this sense, the former president of Perupetro, Aurelio Ochoaremember that despite the free market, we are subject to “price debauchery.”

“Here we have become accustomed to the fact that if we can earn 20 times that margin of more than 10%, we are happy. That is already usury. That is why there is a price difference between one faucet and another of up to S / 3 or S / 4, practically a dollar, something not seen anywhere in the world, “he told this newspaper.

While Eric Garciaformer director of the General Directorate of Hydrocarbons (DGH), maintains that the tap business is in the “commercial margin” that forces them to quickly raise prices so as not to be left out of the game in a highly speculative market such as the Peruvian.

Source: Larepublica

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