Friday , December 4 2020

Naphtas: Limitations to Paying with Credit Cards Grow – Finance



Everything suggests that this scenario will remain fearless at the start of the holiday.

From the main organizations bringing together entrepreneurs of the sector point out that the values ​​after the accumulation of 14 increases during the year, reached a balance point that no new adjustments justice.

And they expect the scenario to remain that way in the short term if there is no turbulence at the exchange rate and if there are no international tensions that affect the price of a barrel of international crude oil.

"In the last talks with the energy secretary and the oil companies, it was agreed that the market is level, and unless there is anything unforeseen in the dollar, for example, there should be no movement in the pumps for the next few weeks," pointed to iProfesional Guillermo Lego. head of CECHA, the association that integrates the entrepreneurs of this branch of activity.

"For January, there are no tax changes or use of touch-ups for inflation, as it did during these months," the manager added, and then pointed out positively that the Energy Secretariat "decided to join us at the table where refining is defined and commercialized. of fuels that give some balance when discussing increases or preventing them from occurring ".

The oil companies 'last move had fallen in the values ​​observed in some of the companies' service stations. In particular, at the beginning of December, the State of YPF and Shell began a 1.5 percent reduction in the price of their naphthas.

The problem with cards

But now what concerns are not so much the price, but the problems that the owners of the vehicles have when it comes to refueling and trying to pay.

It happens that several entrepreneurs of the sale, due to the successive increases, began cutting the payments with plastic from September. And these obstacles did nothing but intensify in the last year.

The argument put forward by the stationers to justify the measure is directly related to the deadlines set by the issuing companies for carrying out the operations paid with that instrument.

According to the industry's main players, the settlement every 28 days established by the system creates a strong loss of profitability, while waiting to receive these funds, if a price increase occurs, the value of fuel replacement has increased .

Therefore, many stationers set as a condition for reactivating plastic payments a cut of this waiting time.

However, on the issuer's side, they do not want to give in: they claim that shrinking the time difference will put them in a financial risk situation. And that the big trouble before the settlement period is the inflation scenario that does not make room.

By pulling and loosening these months, the businessmen in the sales are teeming with only debit or cash payments.

Even from CECHA notified that the service stations' refusal to accept that it is paid by card will increase in the coming months. Especially in the points chosen for vacation.

"We had a meeting with the Minister of Commerce, also with Banco Nación, with the idea of ​​finding a solution to the problem, but there was no way out and card issuers didn't want to twist," Lego said. Confederation.

Executive said the fixed position of the units could exacerbate the problem of stationaries and that these difficulties would end up being transferred to customers.

He argued in parallel that organizations such as FAENI, which unite Santa Fe vending machines, are already preparing measures against the plastic companies for alleged "abuse of a dominant position".

"There are many gas stations that only charge cash or debit card payments, because the latter is a statutory obligation we understand that" mismatch "that the stations are talking about justifying themselves, but the sector is selling at a price and then refilling fuels. Can't be nearly a month to wait for payment, the ability to pay by card is increasingly limited if there is no change in the short term, "Lego said.

Castellano, CECC, also expects the restrictions to be intensified when they pay with plastic, although he acknowledged that the measure is not positive.

"By suspending the card it means losing almost 50 percent of the operations, but there are many entrepreneurs who prefer to lose sales and then face a higher price due to the variation in the price of the fuel in the refill. They had difficulties with to buy again, and we expect more and more stations to temporarily stop accepting this means of payment, "he concluded.

Among the stationaries, it is not likely. The hearing parties pointed out that strong depreciation would only occur if the tube tube suffered a significant fall.

"In order for a significant reduction to occur, the international price should fall first, but that is not enough. There must also be some internal conditions, the most important being that inflationary rhythm should stop the cost of the whole chain, so it will be a lot hard to apply discounts even with a barrel in low, "Lego explained.

To add: "A drop in the dollar rate would help get the cheapest liter of naphtha, but it is clear that no one expects this, it is unlikely."

Emilio Apud, former energy secretary, highlighted the reduction made by the companies in the first part of December, claiming that the price drop would have been greater if it were not the case for the quarterly update from the inflationary context.

"Every three months, a surcharge on the petrol price that is linked to the level of pay and the cost of living is used, which is always upward, which is directly transferred to the price, not that it is absorbed by companies. he iProfesional.

But outside the debate, Apud also predicted a "quiet" summer in terms of prices at service stations.

On the other hand, among the stationaries there are coincidences with regard to the collapse, which the demand shows at this end of 2018.

Although it is still knowing the official indicator, CECHA expected iProfesional that the breakdown in gasoline marketing in November reached 10 percent over the same month, but the previous year.

"November was very weak and strengthened the fall that took place in October, which was in the order of 3 percent. Sales declined and have a lot to do with the 14 increases that occurred this year, averaging nearly 20 days between Even though Interpreted that each increment was practical for the vending machine, the truth is that it ended up affecting the demand, "he told the professional Raúl Castellano, a referendum of the CECC.


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