Sunday , April 18 2021

The Ombudsman called for lower fuel prices

The Ombudsman, Miguel Ángel Godoy Servín, requested by note to the president of Petroleos Paraguaios (Petropar) a reduction in the prices of different types of fuel, taking into account the data on the oil price in recent months.

According to the document presented at the state's offices, the crude oil price was as follows: in August, US $ 72.28 per barrel; September was recorded at US $ 77.18; in October reached US $ 79.58 and in the first half of November it registered US $ 68.47 a barrel. As of yesterday, crude oil had an international price of $ 51.51 per barrel, the lowest in recent times.

The Ombudsman, through the lanota, indicated that he prefers to point out significant issues for consumer law, taking into account that the owner of Petropar publicly said that the increase in the price of fuel depends on the international price of crude oil and the dollar.

In Chile yesterday, the reduction 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 represents an important relief for the pocket of all Chileans," the president said through his social network.

Petropar's owner, Patricia Samoyo, reiterated yesterday by Monumental radio that only by the end of the month will the likelihood of reducing or not the price of ordinary diesel fuel, whose values ​​are of paramount importance for the Paraguayan economy, be analyzed.

At another point, he explained that if the cubic meter of oil reaches $ 450 and if the dollar stays below G. 6,000, there may be a further reduction in hydrocarbon prices.


High oil prices and high dollar were the main reasons for the badges to raise prices for all fuel traded in the country in mid-September this year.

After the readjustment, the price of both the US currency and crude oil, but especially the second, showed a significant drop, however, companies that market fuel in the country still maintain the prices of their products.

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

Source link