BUENOS AIRES, Mar. 29 (Reuters) - Argentina's government has rescinded a freeze on prices of liquid fuels that was in effect from February to avoid a price increase. The decision has been published in the Official Gazette where the government explains that "today we see that are not configured the same conditions of marketing" when it passed the measure.
At that time, the local subsidiary of Royal Dutch Shell oil company had ordered an increase in the values of gasoline, after the Government forced him to cancel. The decision has been welcomed by sellers of fuel, working with minimal profit margins, which has led in recent years a gradual but steady closing of many suppliers.
"It is important that the president (Cristina Fernandez) aware of what is happening, because soon we will be without service stations," said a local station Rosario Sica, head of the Federation of Employers of Fuel. "We're not in enough oil market, because there was no exploration. The venture capital will not come to Argentina because they have no legal certainty," he added Sica.
Argentina maintains rigid policies of market intervention, according to businessmen and economic analysts have damaged the business climate. The South American country is facing intermittent restrictions on the supply of gasoline, because demand on the rise that has not been accompanied by investment in the sector.
The import of fuel has soared in recent years and refineries operating at full capacity. The supply restrictions occur more frequently in populations distant from major urban centers. .jpg)
At that time, the local subsidiary of Royal Dutch Shell oil company had ordered an increase in the values of gasoline, after the Government forced him to cancel. The decision has been welcomed by sellers of fuel, working with minimal profit margins, which has led in recent years a gradual but steady closing of many suppliers.
"It is important that the president (Cristina Fernandez) aware of what is happening, because soon we will be without service stations," said a local station Rosario Sica, head of the Federation of Employers of Fuel. "We're not in enough oil market, because there was no exploration. The venture capital will not come to Argentina because they have no legal certainty," he added Sica.
Argentina maintains rigid policies of market intervention, according to businessmen and economic analysts have damaged the business climate. The South American country is facing intermittent restrictions on the supply of gasoline, because demand on the rise that has not been accompanied by investment in the sector.
The import of fuel has soared in recent years and refineries operating at full capacity. The supply restrictions occur more frequently in populations distant from major urban centers.
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