Argentina has the cheapest untaxed gasoline in the whole region.

A recent report from the Argentine oil industry reveals that the average prices of gasoline without taxes in the country are below most countries in the region, just above Paraguay, with a value of $0.67 per liter.

If Bolivia, Ecuador, and Venezuela are excluded, where governments directly control prices, Argentina remains competitive compared to Uruguay ($1.05), the United States ($0.82), Brazil ($0.75), and Chile ($0.74).

However, price competitiveness doesn't translate into a lower tax burden. According to industry sources, for gasoline, Uruguay has the highest tax pressure on the final price, at 46%, followed by Chile (43%), Brazil and Argentina (35%), Paraguay (34%), and the United States (16%).

In the case of diesel, Argentina is the country with the lowest price without taxes ($0.76 per liter), but it also has the highest tax burden in the region, at 31% of the final value, followed by Chile (26%), Brazil (24%), Uruguay (22%), the United States (17%), and Paraguay (10%).

Among the taxes affecting fuels are the Value Added Tax (VAT), Gross Income Tax, Liquid Fuels Tax (ICL), and Carbon Dioxide Tax (IDC).

According to Law 27,430, enacted in 2017, taxes on gasoline and diesel should be updated quarterly for inflation, but that regulation suffered delays during the government of Alberto Fernández and was largely corrected by the administration of Javier Milei. 

Regarding prices with taxes, YPF's regular gasoline in the City of Buenos Aires averages 1,269 pesos per liter, with a cumulative increase of 14.5% in 2025. Premium gasoline (Infinia) reaches 1,489 pesos, with a rise of 8.7%.

Meanwhile, grade 2 diesel is sold at 1,274 pesos (+13.4%) and premium diesel at 1,461 pesos (+6.8%). An important fact is that, in all cases, the increases were below the accumulated inflation of 17.3% through July, according to Indec.