Axion has cut prices and strengthened the fight between oil companies to acquire customers

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Axion strives for the difference between YPF prices and prices not to exceed 80 cents Source: Archives – Credit: Emiliano Lasalvia

Last Monday
YPF cut fuel prices by 1.2%. A day later,
Shell dropped between 0.59% and 0.72%. Today, Axion has cut prices between 1% and 1.7%.

The latest decision involves a change in the strategy: in addition to the repetition of the trend, the Bulgheroni family, Chinese Cnooc and British BP are striving to challenge the parties to a state-controlled state-controlled oil company that has historically the lowest value, which reduces their YPF products and products.

"Today we are lowering prices, and ten have started to be implemented across the country, the reduction was between 1% and 1.7%, depending on the type of fuel," said Axion Energy.

So the prices in Buenos Aires were the following. A liter of super oil costs $ 36.29 in YPF; $ 36.79 in Axion and $ 37.77 in Shell. Premium oil is $ 42.89 in YPF; $ 43.39 in Axion and $ 43.99 in Shelley. Something like that happens with diesel fuel.

Axion strives to make oil at any point in the country cost more than 50 cents as YPF, and diesel products do not exceed 80 cents per liter to the value of its competitor.

In Federal Capital, the price difference with YPF was $ 1.14 for diesel; $ 1.05 in premium diesel fuel; 0.70 cents per liter in super oil and 0.56 cents in oil premium.

Inside, the oil gap ranged between $ 1 and $ 1.10, and diesel at between $ 1.20 and $ 1.40, according to YPF prices. Therefore, the changes in the tables reveal a new strategy.

Price rises and a drop in consumption

By November last year, the price of super oil increased by 76.9% compared to the same month last year, while the premium value was 78.5%. Compared to this year, it was 83.6% higher than in 2017 compared to diesel and 86.1% for the premium.

Prices were marked by spending. Since September 2018, the market started to fall: in that month it fell by 6.6% and in October by 2.84%. In November, the latest available figures, the decrease rose to 8.26%, according to the Energy Secretariat, published by the specialized website Surtidores.com.ar. The fall compared to October was 2.21%.

As in the past months, the worst oil premium was achieved, 30% lower. Part of the fall was taken over by super oil, whose consumption in November reached 2.74%.

As for diesel, it has fallen into two versions. In the first case, demand decreased by 9% and the second by 7.88%.

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