PETROPERÚ rejects claims of added cost in its prices

In relation to the statements that "PETROPERÚ has been applying a profit margin of 40 dollars per barrel to the price", the state-owned company specifies the following:

1. The analysis from which said information is derived has avoided taking into account the commercial discount that PETROPERÚ grants to its customers in the sale of fuels, a commercial tool used by all market agents that participate in the wholesale commercialization of these products.
2. The commercial discount is a factor that has not been incorporated into the Parity Price Calculation Methodology of the Supervisory Body for Investment in Energy and Mining (OSINERGMIN). If this were taken into account in the comparison, the differences between the list price of 97, 95 and 90 gasohols (which are not included in the Fuel Price Stabilization Fund - FEPC) of PETROPERÚ with respect to the Parity Price of OSINERGMIN, would be considerably reduced.
3. Likewise, it reiterates that there are methodological differences with the calculations made by OSINERGMIN, related to the international marker used, quality adjustments, determination of international freight, greater demurrage due to port closures due to abnormal waves, among other factors that explain the gap between the two. calculations. For this reason, the prices of OSINERGMIN –as expressly stated by said entity¬– are theoretical calculations that do not have to coincide with the realization price or actual import price, as they are referential.
4. As has already been reported in various communications, PETROPERÚ – in strict compliance with the regulations issued by the Ministry of Energy and Mines – maintains list prices in line with the FEPC Price Band for diesel for vehicular use, among other products included in this mechanism. In this sense, it suggests to the various analysts who comment on these issues, to carry out a separate analysis of the products included in the FEPC (diesel for vehicle use, gasoline and Gasohol 84, Gasoline 90) and those not included in the FEPC (97, 95 and 90 gasohols), in order to avoid misinforming public opinion.
5. Regarding prices to the final consumer in our country, over which PETROPERÚ has no control given that it does not have its own Service Stations, OSINERGMIN provides, through its FACILITO application, information on the sale prices of fuels at Service Stations. According to this source of information, on 07.08.2022, the following prices are valid, which, as can be seen, have significant differences in the taps:
6. PETROPERÚ invites final consumers to consult this tool, which has been made available by OSINERGMIN, so that they can decide in a transparent and informed manner the Service Station in which they will supply fuel for their vehicle.
7. Finally, remember that there are several agents in the market that participate in the fuel supply chain in Peru, with their own commercial policies and strategies used to compete in the national market. Likewise, PETROPERÚ does not reach the final consumer as it does not have its own faucets, so we reiterate that it is not true that “final prices to the public end up being higher due to the margin that PETROPERÚ adds”.