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Fuel prices rise 7.5% in Argentina

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O presidente argentino, Alberto Fernández, na Casa do Governo em Buenos Aires, Argentina, em 6 de junho de 2022.

Argentine President Alberto Fernández at the Government House in Buenos Aires, Argentina, on June 6, .| Photo: EFE/Juan Ignacio Roncoroni

The Argentine state-controlled oil company YPF announced on Sunday (19) an average increase of 7.5% in the prices of fuels sold to the public.

Sources from YPF, the largest producer and trader of hydrocarbons in Argentina, explained that the increase was adopted based “on the evolution of the variables that affect the formation of fuel prices”.

The price increase will have a greater impact on gasoline (8.5%) than on diesel (6%).

In the last months, the accumulated readjustment of fuel prices is 21, 7% on average, below the evolution of inflation, which registered an interannual advance of 55% in the last month of July.

YPF sources also indicated that, after this adjustment, “they will continue to monitor the evolution of the variables that affect the formation of prices, having always taking into account the particularities of the country’s macroeconomic context and the international reality.”

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