YPF will lower its fuel prices by 4% due to the international drop in oil prices.

The state oil company YPF announced a 4% average decrease in gasoline and diesel prices across the country, a measure that will take effect this Thursday, May 1st. The decision was confirmed by the company's president and CEO, Horacio Marín, during an interview on Radio Mitre with Eduardo Feinmann.

An adjustment in line with economic variables

The reduction is due to a comprehensive analysis of international and local market conditions, including the evolution of the Brent price, the exchange rate, taxes, and biofuel values. "Starting May 1, which is Labor Day, the average of YPF fuels will decrease by 4%," Marín stated in a radio interview broadcast this Monday.

The adjustment is part of a pricing policy that seeks to reflect the dynamics of real costs. It is not the first time YPF has reduced its prices: in October 2024, the company had already implemented a 5% reduction, although it was partially offset by a subsequent tax increase.

"It's the second time I've done it. The other time I lowered it by five, but then there was a tax increase that ended up being one in two," explained the head of YPF, referring to that previous measure.

The factors behind the decision

According to Marín, the oil company's pricing policy is based on four key parameters:

• The international price of oil (Brent)
• The dollar exchange rate
• The tax burden
• The cost of biofuels

"Brent went down, and according to the oil price, we make decisions," the executive emphasized. In recent months, the price of Brent crude has stabilized at levels lower than those recorded during 2022 and part of 2023, which allowed for a review of local values downward.

Additionally, the drop in global demand and increased production outside of OPEC+ influenced the downward trend in oil. This is coupled with certain geopolitical stability that helped ease the international energy market.

Commitment to consumers

Marín stated that the company's policy aims to maintain a transparent relationship with users: "We have an implicit commitment at YPF with all consumers, that when we have to lower gasoline, we lower it, but when we have to raise it, we will also raise it."

The executive explained that price movements are not arbitrary, but the result of constant monitoring of key variables, seeking to maintain competitiveness and operational sustainability.

The 4% decrease will be applied to all YPF service stations in the country starting Thursday, May 1st, coinciding with the Labor Day holiday.