Monday , January 25 2021

Naphtas: Credit Card Limitations Increase – Economy

Everything suggests that this scenario without fear remains at the beginning of the holidays.

The most important organizations that unite entrepreneurs in the field are pointing out that values, when they accumulated 14 growths throughout the year, reached a point of equilibrium that has not been transformed into fairness.

And they predict that the scenario will remain so in the short term if the exchange rate does not have turbulence and if there are no international tensions affecting the price of the international crude oil barrel.

"In recent discussions with the Ministry of Energy and oil companies, it was agreed that the market would be flat, and unless the dollar was unexpected, the pumps would not have to move in the next few weeks," said CECHA director iProfesional Guillermo Lego, who connects entrepreneurs in this industry.

"There are no tax changes or inflation developments in January, as it did in these months," added the director, and then stressed that the Energy Secretariat decided to join us at a table where refining was defined and commercialization of fuels, allowing for a certain balance when discussing or preventing increases.

The oil companies' last business had been the decline in the values ​​observed at some of the companies at service stations. In particular, at the beginning of December, the state YPF and Shell used a 1.5% discount on the price of naphtha.

Card problem

But now, what concerns are not so much about price, but about the problems that vehicle owners have when it comes to refueling and trying to pay.

As a result of the accidents, the number of multiple sales entrepreneurs began to cut plastic payments since September. And these obstacles did nothing more than make it more effective in the last phase of the year.

The claim relied on by the journalists to justify the measure is directly related to the deadlines set by the issuers for carrying out the operations paid by this instrument.

According to key players in the industry, a 28-day solution created by the system leads to a profound loss of profitability, as long as it is expected that these funds will increase if the price rises.

Therefore, many paperholders make their condition to re-charge payments by waiting.

However, on the part of the issuers, they do not want to make a statement: they argue that a shrinking of this period would pose a financial risk to them. And that great discomfort before the settlement period is an inflation scenario that doesn't give up.

In that wager and loose these months, sales businessmen were plentiful that they only allow payments by charge or cash.

CECHA was informed that refusal of service stations to accept payment by card will increase over the next few months. Especially for points selected for holidays.

"We had a meeting with the Minister of Commerce, including Banco Nación, to find a solution to the problem, but there was no way out, and the card issuers do not want to give a thread," Lego said. confederation.

The Director noted that the unit's fixed position could aggravate the problem of station services and that these difficulties would be passed on to customers.

At the same time, he argued that organizations such as FAENI, which connect Santa Fe machines, are already planning actions against plastic plants because of the alleged "abuse of a dominant position".

"There are many petrol stations that only accept cash or debit card payments because the latter is a legal obligation, we understand that" inconsistency "that the stations are talking about to justify themselves, but the sector sells prices and replenishes the fuel. The card is becoming more limited if there are no changes in the short term, said Lego.

CECC's Castellano also expected that the restrictions would be more effective when paying for plastics, although he admitted that the measure was not positive.

"Card suspension means almost 50% losing activity, but many entrepreneurs want to lose sales and have to face higher costs due to fluctuations in fuel prices.

There is a certainty among accountants that this is unlikely. Listened actors pointed out that strong depreciation would only happen if the crude barrel suffered greatly.

"In order for the international price to fall significantly, the international price should first be lowered, but it is not enough: there must also be certain internal conditions, the most important being that the inflation spiral stops. .

Then add: "A fall in the dollar price would help get the cheapest liter of naphtha, but it is clear that no one expects this, it is unlikely."

Emilio Apud, a former energy minister, underlined the reduction in businesses in the first half of December and claimed that price reductions would have been higher if the quarterly update of the inflation context had not been completed.

"Every three months, the tax is added to the price of gasoline, which is linked to the index of wages and living expenses, which is always upward, which is passed directly to the price, not the fact that it is absorbed by the companies.

But after the discussion, Apud also predicted "quiet" summer prices at service stations.

On the other hand, station services are a coincidence when demand declines in this closing in 2018.

Although the official indicator is known to be missing, CECHA waited for iProfesional to see a 10% drop in petrol marketing in November compared to the same month but the previous year.

"November was very weak and deepened by a fall of around 3% in October. Sales fell and has a lot to do with the 14 increases this year, on average, almost every 20 days. that it ended up in demand, he told professional Raúl Castellano, CECC's reference.

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