In a clear demonstration of alignment with the new economic direction of the country, the state oil company YPF is considering reducing gasoline and diesel prices if the international oil price continues to fall, which in recent days dropped from US$75 to US$64 per barrel of Brent crude. This decrease occurs in a context of strong international trade tension, resulting from tariffs imposed by United States President Donald Trump and the production increase announced by OPEC.
The announcement was made by YPF's president, Horacio Marín, at a high-profile event: the presentation of the company's five-year strategic plan at the Wall Street Stock Exchange. There, Marín stated that "if the crude price keeps dropping, we'll crunch the numbers and, if appropriate, we'll lower the prices", in line with the new paradigm of efficiency, competitiveness, and transparency promoted by the Milei administration.
Already in October of last year, YPF had sent a signal to the market by reducing prices by 4% for gasoline and 5% for diesel. However, due to tax incidence, the effective reduction at the pumps was 1% and 2% respectively, showing how the inherited tax pressure still conditions the sector's competitiveness.
