INSUBCONTINENT EXCLUSIVE:
oil companies in Argentina have also increased their prices
YPF leads the market, with a 55% share in fuel retail.It announced the largest price rise among all fuel distributors in Argentina
Regular gasoline prices went up by 30%.Premium gasoline saw a 26% increase
Diesel prices rose by 31% and premium diesel by 22%.In Buenos Aires, the capital, new prices are in place
Regular gasoline costs 404 Argentine pesos per liter, around $1.10.Premium gasoline is now 499 pesos, about $1.36
Diesel costs 431 pesos, approximately $1.18
president.The increase is part of a trend
For instance, Raizen, operating under Shell, recently raised its prices by 15%.Since last August, YPF has increased fuel prices by an
He was quoted in local news.The rise is due to delayed price adjustments
with regional trends, suggesting a move towards market-driven pricing.This shift towards higher fuel prices might aim to reduce the fiscal
burden of subsidies.Argentina has struggled with high inflation rates, and aligning fuel prices with market realities could be a step
towards economic stabilization.However, this approach comes with risks, such as public dissatisfaction and increased cost of living, which
the new administration will need to navigate carefully.
