Argentina’s YPF Hikes Fuel Prices by 26%

Jan. 3, 2024, 4:56 PM UTC

State-run YPF, Argentina’s biggest refiner/fuel retailer, hiked prices on Wednesday by 26%, according to a company spokesman

  • A liter of regular gasoline in Buenos Aires city now costs 699 pesos; a liter of regular diesel costs 736 pesos
  • Industry-wide, refiners — who include Raizen (which retails Shell), Pan American Energy (Axion) and Trafigura (Puma) — hiked prices by 27% on average, La Nacion reported earlier
  • NOTE: Wednesday’s increase would be the second of President Javier Milei’s administration
  • NOTE: The government will no longer broker talks between drillers and refiners, allowing them to set domestic crude and gasoline prices ...

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