Details of the new rates
The reductions in CABA were significant in some products:
Shell and Axion joined YPF and lowered their fuel prices by 4%
The reductions in CABA were significant in some products:
The Argentine oil sector carried out a widespread reduction in fuel prices, led by YPF and later replicated by its main competitors.
The measure was applied in the context of a tax deferral and responds to multiple economic factors.
The reduction in fuel began with a decision by YPF, which reduced its prices by an average of 4% nationwide, and 4.75% in Buenos Aires City, according to figures released by the company itself. The cut was based on the drop in the international oil price, the end of the “crawling peg,” and the impact of biofuels and the tax burden.
The state company explained that the price update was defined after an analysis of “key variables,” among which Brent crude, the official dollar, fuel taxes, and biofuel costs stand out.
After the announcement, the Minister of Economy, Luis Caputo, celebrated the measure on social media, stating that “in this new Argentina, prices are not inflexible downward”. However, his comment that YPF was “9% cheaper than the competition” quickly became outdated.
Companies like Shell and Axion confirmed having lowered their prices “in line with the market,” although without providing specific figures. Meanwhile, Puma Energy is still evaluating whether to join the initiative. Together, these brands compete with YPF, which currently captures 60% of the Argentine market.
From the Confederation of Hydrocarbon Trade Entities (CECHA) they supported the measure but expressed concern about the sector's profitability. In a statement quoted by surtidores.com.ar, they noted that “while these decisions relieve the consumer, they strain the sustainability of many service stations.”