{"id":8446,"date":"2023-10-29T15:09:30","date_gmt":"2023-10-29T15:09:30","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=8446"},"modified":"2023-10-29T15:09:30","modified_gmt":"2023-10-29T15:09:30","slug":"argentina-says-fuel-shortages-should-ease-soon-imports-arriving","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/8446\/","title":{"rendered":"Argentina says fuel shortages should ease soon, imports arriving"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0The Argentine government and oil companies on Saturday said fuel shipments are starting to arrive that in coming days should ease a shortage, after a spike in demand caused long lines at gas stations.<\/p>\n

Ten fuel shipments imported by the government are beginning to arrive, although distribution may take a few days, Energy Secretary Flavia Royon told a local radio station, noting that there would be no abrupt price increases.<\/p>\n

Royon attributed the shortage in part to tourism during a long weekend and rumors of possible price increases following the Oct. 22 presidential election. The run-off vote is Nov. 19.<\/p>\n

“It generated a psychosis of ‘you have to go and fill up the tank'” she said.<\/p>\n

Argentine refineries supply 80% of the local market while the rest comes from fuel imports.<\/p>\n

Long lines at the pump have added to frustrations for Argentines already under the strain of an economic crisis with inflation close to 140% and a currency that has lost 42% in value this year.<\/p>\n

Oil companies YPF, Raizen, Trafigura and Axion Energy in a joint statement on Saturday said the supply will be normalized in the next few days.<\/p>\n

Among the factors causing the shortage, the companies cited high demand, the presidential elections, the beginning of crop planting and a higher than usual dependence on imports.<\/p>\n

They also flagged “excessive demand caused by the expectation of a shortage.”<\/p>\n

The diesel supply is of special concern to farmers, who say a shortage could impact the start of planting, key for the country’s major soy and corn crops.<\/p>\n

Updated on