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:
