Argentina Gas Prices Jump 10% In One Day Historic Amid Fuel Shortage
"It's not a problem of lack of crude oil, the problem is that there's no more processing capacity with the refineries we have in Argentina."
Recently, scenes reminiscent of Venezuela have been seen in Argentina with cars lining up to fill up at gas stations. Another major factor behind commuters’ headache is the uncertainty surrounding elections. Some gas stations stopped selling gas before the general election on Oct. 22, as customers stocked up, fearing an abrupt currency devaluation, which appears to have been delayed. In the final run-off vote, scheduled for November 19, Economy Minister Sergio Massa will face off against Javier Milei, an outsider candidate. Some stations are still unable to fill their airwaves even after the election.
Salta sin NAFTA, saltenos en busqueda de nafta en la Ciudad de Salta.
Vuelve a sentirse la falta de stock en la tarde de miercoles, por estas horas, las estaciones de servicio de todas las lineas no cuentan con combustible.
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Salta residents searching for gasoline in Salta. YPF is currently unable to import gas due to Argentina's severe dollar shortage. One person stated that the retained cargo is 120,000 cubic meters in volume, which represents about $150 million or 7% of monthly gas sales in Argentina. Reuters reported that reporters saw signs stating no more petrol at empty stations around the capital Buenos Aires. Some places had long queues and others rationed the sales. However, there were some signs that things are improving. Leonardo Villa, a self-employed car owner, said: "Today I was only sold super. There was no premium." "But, well yesterday, there was no premium anywhere and the day before, either," said self-employed worker Leonardo Villa with his car. In a statement released on Saturday, Argentina's oil producers and gas companies said that fuel shortages would 'normalize in the coming days'. Massa said to reporters in Tucuman Province. "On top that, you also need dollars to pay imports and the Central Bank does not have any." Local unions supported Massa's position, and threatened to strike as early as Wednesday if the domestic situation wasn't resolved. The oil companies are to blame for the incompetence of the government, just as it was in the US.
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