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Energy Hydrocarbons And Fuels - Set New Official Prices - Full Text Of The Standard

Original Language Title: HIDROCARBUROS ENERGIA Y COMBUSTIBLES - FIJANSE NUEVOS PRECIOS OFICIALES - Texto completo de la norma

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image inicio sitio infoleg MInisterio de Justicia y Derechos Humanos
Ministry of Energy and Mining

ENERGIA AND COMBUSTIBLES
Decree No. 9.544/1967
NAFTA, KEROSONE, GAS OIL, DIESEL OIL and FUEL OIL. - New official prices.

Buenos Aires, December 28, 1967.

VISTO the provisions of Act No. 17.597 and

CONSIDERING:

That it is necessary to adjust the prices of fuels for the purposes, not only to cover the increase in costs that has occurred in the fifteen months since the prices were set by Decree 1.850/66, but particularly to constitute a tax vehicle as is the case in most parts of the world and to obtain the necessary resources for the intensification of road and energy public works;

That according to the experience and the studies carried out, it is advisable that such an increase be concentrated in the prices of naphthas, so as to reduce the impact of that measure within the possible time in the increase in the production costs of other activities in the country;

That the proposed increases bring the prices of naphthas to levels that remain low compared to those of most industrial countries in the world, while the relations with the prices of other fuels remain within the existing limits in the Western world;

That the retention values should also be adjusted in such a way as to enable oil companies to cover the greatest costs that have occurred in their exports;

That the recent crisis of the Meido Oriente has caused a significant rise in the sea freights of tank vessel, which does not allow companies to resarcise through the implementation of the Decree No. 1,850/66 of its highest costs caused by the import of Kurdish oil and/or derivatives, essential for the normal supply of the country;

That it is appropriate to solve the outstanding problem of the price of the crude oil of the Neuquén and Rio Negro mixture, which led between January 7 and September 19, 1966, in order to adjust it to the technical characteristics of that product:

That is why and attentive to the proposals of the State Secretariat for Energy and Mining;

The President of the Argentine Nation,

Decrete:

Article 1 - Please note from the zero hour (0) of 29 December 1937 the official prices of liquid petroleum fuel derivatives, as follows:

Common naphta (Minimum octane number 72, motor method)
33 m$n/liter
Nafta super (Number octane minimum 90, method research)
38 m$n/liter
Kerosene loose for domestic use
15 m$n/liter
Gas Oil
16 m$n/liter
Diesel oil a granel, in production centers
13.50 m$n/liter
Fuel oil a granel, in production centers
5,70 m$n/kgro.

Art. 2° - Mandify the special prices of sale for fuels used in the consumption of electrical usins of public services and railways set out in Article 2° of Decree No. 1.850/66.

Art. 3° - From the zero hour (0) on December 29, 1937, the amounts of the levies to the liquid fuels derived from the national oil referred to in article 1 of Act No. 17.597, in the following values:

Common naphta (Minimum octane number 72, motor method)
16.50 m$n/liter
Special or super naphta (Number octane minimum 90, method research)
19 m$n/liter
Kerosene
0.56 m$n/liter
Gas oil
1,16 m$n/liter
Diesel oil market
1.60 m$n/liter
Fuel oil market
not encumbered

Art. 4° - The levies to imported and/or imported liquid fuels from the industrialization of imported oil are equal in each period to the differences between official sales prices and the retentions authorized by Decrees 1.850/65 and the present.

Art. 5° - Taxpayers responsible for the levies of Law No. 17.597 shall retain the official price for sales in the domestic market of liquid fuels derived from national oil from the day of 1 January 1938, and of liquid fuels imported or derived from imported oil, from 1 July 1957, the amounts indicated below are:

Liquid fuel



Retention for by-products obtained from m$n/liter oil
National
Imported


1) Common naphta (minimum octane number 72, motor method)
16.50 14.26
(2) Special or super naphta (at least 90 octane number, resarch method)
19 16.58
(3) Kerosene
14.44 15.64
4) Farm and similar
- 15.04
5) Gas oil
14.34 14.23
6) Diesel oil market
11.90 11.12
7) Diesel oil (for consumption of electric utilities and railways)
7.50 -
8) Fuel oil market m$n/Kilog.
5.70 5.70
9) Fuel oil (for the consumption of electric utilities and railways m$n/Kg
5.70 -

The retention values set out in this article include the incidence of the levy set by Law No. 17.574 to 8% and the readjustment of bonuses to resellers in a whole in accordance with the provisions of Article 1 of the Resolution of the Secretariat of State of Energy and Fuels No. 6/65 of 19 February 1985.

Art. 6°- The retentions set out in Article 8 for the liquid fuels obtained in the industrialization of national oil have been determined on the basis of the following FOB prices for the different types of oil of Fiscal Petroliferous Authority, in dry-seco condition

Overdue
Type
Gravity
Api
Location of Embark
Port and/or Line
Price
m$n/n
Chubut
22-22-9
Comodoro Rivadavia
4.738
Santa Cruz
26-25.9
Caleta Olivia
5.425
Mendoza
31-31.9
San Lorenzo
5.505
Mezcla Neuquén and Rio Negro
31-31.9
Puerto Rosales and/or Engineer White
6.210
Tierra del Fuego40-40,9
San Sebastián
6.850

Art. 7° - The prices of the national oils set out in Article 8° will be adjusted by variation of gravity at the rate of forty pesos national currency (m$n 40.-) for each cubic meter of oil in more or less for each entire API degree of difference above or below the basic gravity established in that article.

Art. 8°- The retentions set out in Article 5 for imported and/or imported by-products of the industrialization of imported oil are adjusted by variation of the import prices of petroleum derivatives taking the average monthly FOB contributions in the Caribbean area (Curacao) of the Platt's Oil Gram, comparing them with the corresponding values of the following table that served as the basis for the determination of the retentions set out herein:

By-products
Features
Density
Media
u$s/100
chicken
u$s/
barrel
Nafta (1)
72 Oc. MM
0.730
6.476

Special or super nafta
90 Oc. M.R.
0.730
8.400

Kerosene
41-43 W.W.
0.80
8,000

Tractor fuels (agricol and similar (2)
--
0.780
8.800

Gas Oil
53-57 D.I.
0.840
7.300

Diesel
43-47 D.I.
0.860
7.100

Fuel Oil
Bunker C.
0.960

2.00

(1) Cotization Aruba 80 Oc. M.R. minus 0,125 u$s/100 Galon.
(2) Quotation Kerosene 41-43 W.W. minus 0,100 u$s/100 Galón.

Art. 9° - The retention values set in Article 5° for the imported and/or imported liquid fuel by-products from the industrialization of the imported oil will be adjusted by the variation of the international marine freights that govern for each month period, according to AFRA (Average Freight Rate Assestment) for the corresponding kind of ship-tank and the following ports of load of each port of Buenos Aires,

Caribbean Area
Curacao
Persian Gulf Area
Bandar-Mah-Shahr
Zone Nigeria
Port Bonny
Zone Peru-Ecuador
Talara

The State Secretariat for Energy and Mining may designate the representative ports of cargo of other shipping areas.

The basic freight value of such by-products was determined according to the following table:

By-product
Feature
Density
Media
u$s/m.3
u$s/t.m.
M$n
m3
Nafta
72 Oc. M.M.
0.730
3,068
-
1.074
Special nafta or Super Kerosene
90 Oc. M.R.
0.730
3,068
-
1.074
Tractor fuels (Agricol and similar)

0.780
3.278
-
1.147
Gas Oil
53-57 D.L.
0.840
3.530
-
1.236
Diesel
43-47 D.L.
0.860
3.614
-
1.235
Fuel Oil
Bunker C.
0.930
-
4,2025
1412

Article 10 - Oil companies shall readjust the derivatives from the industrialization of imported oil and/or directly imported, in accordance with the detail indicated in the annexed plank that is an integral part of the present decree, the variations in the emerging costs of such costs and/or freight or, i.e., tax recognized Law No. 17.574, Maritime insurance, bank charges, consular duties, customs duties, customs duties, customs duties Law No. 17.574 for finished by-products shall be excluded from the adjustment.

Art 11 - The retention values set for the imported and/or petroleum-derived product will be adjusted by the changes in the exchange market, between the US dollar and the national currency weight. The calculation will take into account that the basic values taken in Article 5 have been determined for that product considering the US dollar equal to three hundred and fifty pesos national currency (m$Sn 350). The adjustment will take the arithmetic sales average of the average monthly quotes of the Banco de la Nación Argentina, applying it to the sales volume of the same period.

Article 12 - With effect from 1 July 1967 and as long as the circumstances of exception that motivate the regime approved by this decree remain, they shall govern the following rules.
(a) For the purposes of the calculation of the retentions of Diesel and Fuel Oil, for sales for the consumption of electrical usins of public services and railways, the products supplied with this destination shall be considered to be of exclusively national origin:
(b) Except for the payment of statistical rights set by Decree No. 6.123/61 to imports of oil and/or its derivatives.

Art. 13 - The adjustments referred to in Articles 8°, 9°, 10 and 11 shall be submitted by producer and/or importing companies on a monthly basis to the Secretariat of State of Energy and Mining, within 20 days of the end of each month, reviewing the character of affidavit. The above-mentioned Secretariat shall adopt or rectify them within 30 days of their submission. Following that term without resolution, the adjustments submitted will be approved.

Article 14 - The levy established by Law 17.574 for the financing of the works of the Chocón-Cerros Colorados Complex shall be liquidated and deposited in accordance with Resolution No. 1/67 of the Secretariat of State for Energy and Mining.

Art. 15 - Look at three thousand nine hundred fifty pesos national currency (m$n 3.950) the cubic meter, the FOB price of the crude oil mezcal Neuquén and Rio Negro placed at the terminal of the pipeline Challacó - Puerto Rosales, with a content of up to two per thousand (2 0/00) of water and sediment, during the period between 7 January 1966 and 19 of the basic gravity of the

Art. 16 - Please note that the sale of mixtures of liquid fuels derived from oil is governed by official prices of sale, taxes and retentions, due to the perceptions that correspond to each product that has participated in its composition.

Art. 17 - From hour zero (0) on January 1, 1968, Aguarrás and similar products m$n 9 per litre.

Art. 18 - Fiscal Petroliferous deposits will continue to sell natural gas and liquid gas to State Gas at the price of applying the percentages set by Decree 2.785/60 to the retention values established by Decree 1.850/66.

Art. 19 - The Secretariat of State for Energy and Mining shall be responsible for the implementation of the present decree excluding those aspects by the General Impositive Directorate, as long as the Law No. 11.603 (t. 1960) and its amendments are applied.

Art. 20 - The present decree will be endorsed by the Minister of Economy and Labour and signed by the Secretaries of State of Energy and Mining of Public Works and of Finance.

Art. 21 - Communicate, publish, give to the National Directorate of the Official Register and archvese.

NGOsANIA. - Adalbert Krieguer Vasena. - Luis M. Gotelli. - Bernardo J. Lottegui. - Luis S. D' Empire.

Annex to Decree No. 9.544

PROCEDURES OF CALCULE FOR CORRESPONDIENT RETENTIONS TO LIQUID COMBUSTIBLES DERIVADOS DERIVADOS de PETROLEO: IMPORTADOS
IMPORTED PETROLE INDUSTRIALIZATION.

(Distances expressed in m$n/M$)


Nafta
common
73.75
OC.M
0.730
Nafta
Special
90 Oc.R
0.730
Kerosene
41-43
0,800
Agricol and
Similar
0.780
Gas Oil
5357 DI
0.860
Fuel Oil
Bunker Oil
0.960
m$n/TM
1) Cost of FOB Curacao U$S/GA
6.475
8.400
8.900
8.900
7.300

2) FOB cost m$n/m3
5.937
7.767
8.229
8.136
6.750

3) Flote AFRA m$n/m3
1074
1.074
1.177
1.147
1.236

(4) Cost and freight m$n/ m3
7061
9.841
9.406
9.283
7.986

5) Contribution CHOCON 3% s/4
212
265
282
276
240

6) Insurance 2,82 o/oo s/4
20
25
27
26
23

7) Alije y manipuleo m$n/m3
270
270
296
289
311

8) Customs costs m$n/m3
9
9
8
8
6

9) Banking costs 2.5% s/4
177
221
235
232
200

10) Consular Rights 1.5% s/4
160
133
141
139
120

11) Customs Recharge 3% s/4
212
265
282
278
240

12) Contribution s/flete 4% s/3
43
43
47
46
49

13) Total 4 to 12
8.110
10.072
10.724
10.579
9.175

14) Utility 10% s/13
811
1.607
1.072
1,058
913

15) Calculated tank value
8.921
11.079
11.796
11.637
10.093

16) Round tank value
8.920
11.090
11,600
11.640
10.030
4.830
17) Commercialization
5.340
5.500
3.840
3.400
4.140
870
18) TOTAL RETENTION
14.260
16.580
15,640
15.040
14.230
3.700

Annex to Decree No. 9.544

DISCRIMINATION OF THE CORRESPONDIENT RETENTIONS TO THE NATIONAL SUBPRODUCT

PRODUCT
Nafta
72 Oc.
M.M. 90
0.730
m$n/ Litro
Nafta
Oc. M.R.
Min.
0.730
m$n/Liter
Kerosene
0,800
m$n/Liter
Gas Oil
0.800
m$n/Liter
Diesel
0.800
m$n/Liter
Fuel Oil
0.900
m$n/Kilog
1) Value in refinery tank
11.16
13.50
10.60
10.70
10.69.
4.83
(2) Commercialization
5.34
5.39
3.94
4.14
1.21
0.87
(3) Total retention
16.50
19.00
14.44
14.84
11.90
5.70