Thursday , October 28 2021

Fuel sales grew 7% in October, but almost 3% fall in the year – 11/29/2018



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After almost 70% of the increase in prices, Fuel sales increased 7% in October, compared to September. However, they register one year-on-year drop of 2.85%. These official data would be confirmed during November, according to several oil consultants. "The apartment arrived in September, from there came an improvement and remained in November, "he slipped into a company.

As it happened during the year, "premium" fuels are the least beneficiaries of a given revival. His office improved by 4% in October, but still They are 28% lower in the year-on-year comparison in the case of "superior" naphtha. The highest quality diesel is 6% lower than in 2017.

The total volume of gasoline issued in October 2018 is 4% less than in the same month of 2017. In diesel, the decrease is slightly higher than 2%.

The prices of "primary" fuels increased almost 75% during this year. This made their sales decline unusually. In the Executive Branch, they argue that higher octane gas prices should go through a reduction (10% were mentioned, but with another quotation from the dollar) as of December. For oil, oil companies say that these quantities are still lagging behind and that the increase would be almost a fact.

In any case, the improvement of last October was observed in the type of fuels that were sent. 33% were higher, compared to 28% who chose these products in the same month of 2017.

Gas oil averaged 32.54 in October for YPF, while "premium" fuel was shipped to 38.51 dollars. The "super" of the largest oil company in the country was $ 36.76, while the prize was sold at $ 43.47.

November price corrections were lower and changed. Axion scored and scored more than 5%, in line with what Shell later did. But YPF was cut with a 2.5% recomposition. Given that the increase was lower than that of its competitors, both Axion and Shell reversed and reduced their increase to the magnitude of what was done by YPF,

"There was a 30% migration of our flag clients to YPF ", confessed an executive who asked not to be identified. "There has also been pressure from the Executive Branch for the state oil company so that the increase in November is lower," they say in another company. In the government and YPF we deny that these frictions exist.

November's concentration was lighter: the super hit 37.59 dollars, while the prize went up 54 cents to 44.01 dollars.

Despite two months to define, oil companies estimate that this year's fuel ship could be higher than last year. The December behavior will be unbalanced.

The exit of Oil, the oil company of Cristóbal López, Within the brands that make up the market, it also has effects. YPF's market share increased from 53.75% to 54.85%, according to Cecha data from the information provided by the Ministry of Energy. The Shell brand (now in the hands of the Brazilian Raizen) lost some market: from 20.93% to 20.54%. Axion grows from 12.25% to 13.91%. This latest brand has always tried to have similar amounts to those of YPF, but in recent months it has been removed a bit and is halfway between the leader and Shell.

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