In pink, the provinces with international borders that registered growth in diesel sales above 19% in the first four months of 2022. In Blue, the agricultural provinces that also had sales above 19%.

According to the researcher of the Center for Political and Society Studies (CEPyS) Martin Bronsteinthe lack is due to a large increase in the consumption of diesel, which has historically been accompanying the growth of the GDP as the basic input of the entire production and logistics chain.

“During the first four months of the year, GDP grew 10% while diesel consumption was 19%, almost double, a striking figure”, detailed the energy analyst in dialogue with Ambit.

From a survey of the affidavits on the sale of fuels in the hands of the Secretary of Energy of the Nation The researcher detected that where this consumption grew the most was in the international border areas of some of the provinces.

“They are exaggerated, abnormal increases. In Formosa it rose 42%, in Entre Ríos and Corrientes 34%, and that is due to the price differential. Our country is cheaper than neighboring countries and that led to large purchases of diesel by vehicles with foreign patents”, he claimed.

Gasoil is missing Map Argentina.jpg

In pink, the provinces with international borders that registered growth in diesel sales above 19% in the first four months of 2022. In Blue, the agricultural provinces that also had sales above 19%.

It is that since the beginning of the war between Russia and Ukraine, international fuel prices reached historic highs and logistics were limited, although Argentina continued to import and became the gateway to cheap diesel for neighboring countries. since 30% of diesel production is still imported to supply the local market. But now it’s not even enough for that. The CEPyS highlighted that in Uruguay a liter of diesel is paid 136% more expensive, while in Brazil and Paraguay it is 119%.

The second cause is a self-fulfilling prophecy, Bronstein argued. “From the fear of running out of diesel from large agricultural producers, and a little from the industrial ones, they oversupplied, they stockpiled. That can be seen in Córdoba, where sales increased by 22%, or in La Pampa, where they grew by 38%”commented.

BRONSTEIN-fuchila (20).JPG

Martín Bronstein, researcher at the Center for Political and Society Studies (CEPyS).

Martín Bronstein, researcher at the Center for Political and Society Studies (CEPyS).

But in addition, the specialist remarked that the shortage occurred at a time when fuel production was on the rise. “There was no drop in the production and import of fuels by the oil companies, more than doubled in this period, compared to the same last year. The problem is that consumption increased so much that it could not be covered by the supply”, sentenced.

According to industry data, so far in total it has already been dispatched 3.9 million m3 of dieselequivalent to 12% more than in 2019, which represents a record volume compared to the pre-pandemic, when sales of 3.4 million m3 were recorded.

page19-trucks_opt.jpeg

BORDER AREA.  Long lines of trucks wait in Mendoza to refuel to continue on their way to Chile.

BORDER AREA. Long lines of trucks wait in Mendoza to refuel to continue on their way to Chile.

Bronstein stressed that the shortage of diesel is also felt globally due to the Russian war and not only occurs in Argentina.

“Europe has a deficit in the supply-consumption ratio of 1 million barrels per day. It is a lot and that is due to the occupation factor of Ukraine that affected the normal sending of flows from Russia. Today Europe replaces that deficit with strategic reserves that they have stored, which are at their minimum values ​​”he pointed out.

And it is not a situation typical of Europe and South America either. “In the United States a gallon is paid between 7 and 8 dollars, and they are calling on producers and refiners to lower the price. It is a very complete global situation”he concluded.

Leave a Reply