Saturday , June 10 2023

The Ombudsman called for a reduction in fuel prices


The Ombudsman, Miguel Ángel Godoy Servín, requested by President Petróleos Paraguayos (Petropar) a reduction in the prices of different types of fuels, taking into account oil price data over recent months.

According to the document presented at the headquarters of the state-owned company, the gross price was the following: in August, at 72.28 USD / barrel; September was $ 77.18; in October it reached 79.58 USD, and in the first half of November it was 68.47 USD / barrel. Starting yesterday, crude oil had an international price of $ 51.51 per barrel, the lowest ever.

The Ombudsman pointed out that he preferred to emphasize important aspects of consumer law, considering that Petropar's owner publicly stated that rising fuel prices depended on the international price of oil and the dollar.

In Chile, yesterday, the fall in fuel and liquefied petroleum gas (LPG) prices was recorded for the fifth consecutive week. This information was confirmed by the President of the Republic of Chile, Sebastián Piñera, through his Twitter account. "This is an important relief for the pocket of all Chileans," the president said through his social network.

Petropar owner PatriciaSamudio reiterated yesterday by Monumental radio station that by the end of the month will analyze the likelihood of reducing or not the price of common gasoline, a fuel whose values ​​are of paramount importance to the Paraguayan economy.

At another point, he explained that if one cubic meter of oil reaches USD 450, and if the dollar remains below G. 6000, it could have a greater reduction in hydrocarbon prices.

Petropar must lower prices

The high oil price and the rise in the dollar were the main reasons that forced emblems to raise the prices of all fuels marketed in the country by mid-September this year.

After readjustment, the US and oil prices, but especially the price of the second one, fell significantly, but companies selling fuel in the country still keep their prices.

For Eddie Jara, the former president of Petropar, there are elements for emblems operating in the country to reduce fuel prices. "There are two components, which are the international oil price and the dollar exchange rate. They define how much fuel should be on each market," he said.

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