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Friday, October 7, 2022

Automotive segment fuel sales prices come into effect

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By Executive Decree 467, President Guillermo Lasso set the selling prices of fuels in terminals and warehouses for different consumption segments. This comes a day after the signing of the peace act, in which the value of Diesel, Extra and Ecopa fuel is reduced by a total of 15 cents per gallon. That is an extra 5 cents.

Article 1 fixes the maximum prices for sale to the public of fuels in automotive segment.

Price: Sautomotive segment.

  • Additional gasoline: Up to $2.40 per gallon (retail price).
  • Additional Gasoline with Ethanol: Up to $2.40 per gallon (retail price).
  • Diesel 2 and Premium Diesel: Up to $1.75 per gallon (retail price).

It is explained that Extra and Extra Gasoline with Ethanol must comply with the requirements of Gasoline classified as Gasoline with an octane number of 85 (RON) which appears in the regulations in force.

Likewise, the maximum marketing margins for the automotive segment are established, in the following terms, including VAT.

  • Extra RON Gasoline and Extra with Ethanol RON: $0.17955 per gallon.
  • Diesel 2 and Premium Diesel: Up to $0.14385 per gallon.

Prices: terminals and deposits

Fuel prices at terminals and depots for the automotive consumer segment are also set.

  • Extra Gasoline (Automotive): Up to 1.982545 USD per gallon (Values ​​without VAT/Price to supplier).
  • Additional gasoline with ethanol (automotive): up to $1.982545 per gallon (values ​​without VAT/vendor price).
  • Diesel 2 and Premium Diesel (Automotive): Up to $1.434063 per gallon (Values ​​excluding VAT/Supplier price).

It is specified that “this measure may be updated according to the economic situation and public finances in compliance with the regulations in force”.

Prices: tuna and fishing

Then are detailed the fuel prices in the terminals and warehouses for the consumption segment: Shrimp, tuna and other fisheries.

  • Additional Gasoline (Other Fisheries): $2.116473 per gallon (VAT Excluding Values/Supplier Price).
  • Additional gasoline with ethanol (other fisheries): 2.116473 USD per gallon (Values ​​without VAT/Price to the supplier).
  • Diesel 2 and Premium Diesel (shrimp, tuna and other fisheries): 1.567991 USD per gallon (Values ​​excluding VAT/Supplier price).

Similarly, “this measure may be updated according to the economic situation and public finances in compliance with the regulations in force”.

It will be the Energy Regulation and Control Agency (ARC) that will be responsible for compiling compliance with the decree signed on June 30, 2022, which entered into force at midnight on July 1.

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Source metroecuador.com

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