YPF doesn’t rule out increases in gasoline in the “short term”

In this framework, the company did not rule out potential growth “in the short term” for gasoline. “We are more comfortable in diesel, but there was no increase in gasoline in June,” he said. It is worth remembering that the last increase in gasoline was in May, 11.5% and they accumulate a 30% adjustment from inflation accumulated in the first six months of the year.

“We expect to be able to initiate price adjustments in gasoline in the near term to follow the devaluation of the dollar”Acknowledged Iuliano and Alejandro Lew at the conference with investors.

Dollar

In another sequence, questions were directed towards expectations along with the exchange rate. From the YPF, he highlighted that “the peso has inflationary pressures and a slowing level of devaluation that translates into dollar pressure” and affirmed that “inflation is expected to continue above devaluation” in the dollar. Rejecting the bounce.

balance

company Fiscal Oil Field (YPF) reported an improvement in your financial situation by reporting a Net income of $94,063 million, In this way it managed to overcome the decline of $ 46,262 million recorded in the same period last year.

The state-owned oil company’s adjusted EBITDA reached US$1,500 million, so that it managed to consolidate net profit of $94,063 million, which allows it to offset the sharp decline it reported a year ago , when he had recorded a total loss of more than Rs. $46,000 crore.

Describing the recent balances from the company, he said that the positive results will allow them to move forward not only investment performance planned for the current year, but also Increase estimated quantity by 10%,

So far, a total of US$1.7 billion has been invested, representing an increase of over 55% compared to the same period in 2021. With the increase in investment announced this afternoon, total disbursements could exceed US$4,000 million, a 50% increase over last year.

According to forecasts made by the company, the investment will allow it to develop an additional point in annual hydrocarbon production. If this estimate materialises, it will reach 9% over 2021, representing the highest organic growth in the last quarter century.

Currently, the total production of hydrocarbons is equivalent to 504 thousand barrels per day, according to the balance highlighting data for the second quarter. it represents a 9% year-on-year growthWith increases of 7% for crude oil and 10% for gas, he explained.

With regard to the sale of fuel, Home sales were up 12.5% ​​compared to the second quarter of 2019When the Covid-19 pandemic had not yet affected the region.

For diesel, he said, “a historic supply record was recorded, which was supplied through increased production levels of the three industrial complexes.”

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