National Hydrocarbon Society: Fuel prices should not rise

Although the Association of Cranes and Service Stations of Peru (agep) warned that they were affected by declining fuel supplies, mainly in the north of the country, National Hydrocarbon Society He stated that the supply of the product is normalizing and “there are no reasons for raising prices for the end consumer.”

“There is enough product on the market to give users and consumers peace of mind. The market is returning to normal thanks to the fact that other market competitors, importers and Repsol are supplying a smaller volume of Petroperú’s products. There is no reason to raise prices for end consumers,” Cantuarias told RPP.

According to Agesp, the lower availability of fuel is due to the fact that wholesale fuel distributors do not fulfill orders in accordance with requests, even supply quotas were set for different cranes. Wholesale fuel distributors in the country are Petroperú, Repsol, Pluspetrol, Valero and other importing companies.

“There is enough product on the market to give users and consumers peace of mind. The market is returning to normal thanks to the fact that other market competitors, importers and Repsol are supplying a smaller volume of Petroperú’s products. There is no reason to raise prices for end consumers.”

Fuel demand in Peru is served mainly by Petroperú, which owns about 45 percent of the market, followed by Repsol with a 30 percent share. The rest of the demand is covered by other importing companies.

“Despite the fact that Petroperú occupies a significant place in the fuel market, there is also a high level of competition. We have importers and Repsol, a local manufacturer who wants to solve Petroperú’s problems.”he stressed.

In cities in the north of the country, Petroperú satisfies almost all demand for fuel, given that it has its own refinery in Talara, it was in this part of the country that there were more restrictions on fuel.

In this regard, Cantuarias commented that other distribution companies are moving fuel from Lima to cities in the north of the country to cover pent-up demand. “The market is self-regulating, the necessary transport is being created to bring the product to cranes and regions where restrictions have been introduced.”

According to various experts, the decline in the supply of fuel is due to the financial problems of Petroperú, which prevent it from buying fuel in the usual amount.

“The market is self-regulating, the necessary transport is being created to bring the product to cranes and regions where restrictions have been introduced”

Over the past three years, Petroperú has been importing about three million barrels of refined oil every month due to the fact that the Talara oil refinery is not operating.

According to various experts, the decrease in fuel supplies is associated with financial problems. Petroper that prevent you from buying fuel in the amount that you would normally do..