Paraguay's Petropar analyzes fuel costs after US-Iran peace deal

Paraguay's state oil company, Petropar, is closely monitoring international crude oil prices following a peace agreement between the United States and Iran, anticipating potential fuel cost reductions for consumers. William Wilka, president of Petropar, stated that the international market has seen a relief in prices due to the new geopolitical scenario. He estimates that by the first half of July, the company will have a clearer outlook on when fuel prices can be lowered.

Wilka clarified that while the international trend is downward, the effect on local service stations is not instantaneous. This delay is attributed to the complex logistics involved in transporting fuel from origin points to Paraguay and the fact that Petropar is still processing inventory purchased at higher costs from the period of heightened conflict. "As soon as we have a margin to be able to lower it, we will do so. We are already with loads that will begin to be priced with this new, more competitive rate," Wilka explained.

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As soon as we have a margin to be able to lower it, we will do so. We are already with loads that will begin to be priced with this new, more competitive rate.

The Petropar president emphasized that the coming weeks are crucial for monitoring internal balances and external crude oil market behavior. He expressed a cautious approach, prioritizing the company's financial health while aiming to ensure stable prices. "We want to be very cautious, first we must ensure that the company maintains sufficient margins to be healthy, and second, ensure that we do not reach the end of the month with a new rebound. If everything remains stable, by July we will have news," Wilka told 1080 AM.

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We want to be very cautious, first we must ensure that the company maintains sufficient margins to be healthy, and second, ensure that we do not reach the end of the month with a new rebound. If everything remains stable, by July we will have news.