Argentina Fuel Sales Drop 8.1% In May 2021

(Energy Analytics Institute, 29.Jun.2021) — Argentina reported that fuel sales in May 2021 fell an average 8.1% compared to April 2021, according to a report by the Confederation of Hydrocarbons and Related Trade Entities (CECHA by its Spanish acronym). Gasoline sales were impacted the most, falling 13.6% sequentially.

The drop corresponds to the bulk of the isolation period decreed by the government of President Alberto FernĂĄndez for urban areas with the highest epidemiological risk, the daily ClarĂ­n reported on 29 June 2021.

“The figure is worrying since it shows a decline of 19.7% against February 2020, the last month before the pandemic,” the CECHA warned.

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By Aaron Simonsky. © Energy Analytics Institute (EAI). All Rights Reserved.