ECONOMY

Fuel supply begins to normalize

Oil refining companies explained that in recent days there was greater dependence due to excess demand generated by an expectation of shortages, which pushed the system to the limit of its capacity.

  • 28/10/2023 • 16:50

The supply of fuel in the domestic market will become normal, assured the oil refining companies YPF, Raízen (licensee of the Shell brand), Trafigura (Puma) and Axion. "Regarding the current supply situation of the fuel system, which will normalize in the coming days, we want to point out that it has experienced a series of events in recent days that have pushed it to the limit of its capacity," they explained. it's a statement. Among these events, they mentioned the extraordinary levels of demand, especially in the last 15 days - long weekend, elections where there is a peak in mobility of people, start of agricultural planting, among others. In addition, there was a greater dependence than usual on fuel imports due to scheduled shutdowns in some refineries; and, more recently, an excess demand generated by an expectation of shortages. According to the companies, "Argentina's fuel production and supply infrastructure is robust." "Crude oil will continue flowing, refineries processing, imports entering the country and the logistics structure will normalize for supply, considering the great geographical dispersion of the country" Statement from the refining companies Argentina produces crude oil and biofuels in large quantities and has a refining park that is enough to produce more than 80% of the domestic demand for gasoline and diesel; The rest is imported, to a greater or lesser extent, at the pace of agricultural activity, they stated.