The Government of Javier Milei avoids applying new taxes on fuels in May, accompanying a 4% decrease in YPF prices and consolidating signs of macroeconomic stability. The National Government announced that it will not update the taxes on liquid fuels (ICL) or carbon dioxide (IDC) in May. This decision, made in line with the price reduction announced by the oil company YPF, represents a direct relief to consumers' pockets and a concrete gesture toward stabilization.
The measure was confirmed by the Energy Secretariat, which explained that "this measure seeks to maintain price stability in a context of inflationary deceleration and macroeconomic consolidation, prioritizing relief for consumers without affecting the competitiveness of the energy sector."
Meanwhile, YPF —a company that controls more than 50% of the fuel market in the country— announced an average 4% decrease in gasoline and diesel prices throughout the national territory, effective from Thursday, May 1st. The decision was announced by the company's president and CEO, Horacio Marín, in an interview with journalist Eduardo Feinmann.
