Flavia Royon, Argentina's Secretary of Energy, poses for a portrait during the CERAWeek energy conference in Houston, Texas, U.S., March 8, 2023.
Ten fuel shipments imported by the government are beginning to arrive, although distribution may take a few days, Energy Secretary Flavia Royon told a local radio station, noting that there would be no abrupt price increases.
Royon attributed the shortage in part to tourism during a long weekend and rumors of possible price increases following the Oct. 22 presidential election.
Argentine refineries supply 80% of the local market while the rest comes from fuel imports.
Among the factors causing the shortage, the companies cited high demand, the presidential elections, the beginning of crop planting and a higher than usual dependence on imports.
Persons:
Flavia Royon, Callaghan O'Hare, Lucila Sigal, Walter Bianchi, Daina Beth Solomon, David Gregorio Our
Organizations:
Energy, REUTERS, Argentine, Axion Energy, Thomson
Locations:
Argentina's, Houston , Texas, U.S, BUENOS AIRES