Particle.news
Download on the App Store

Argentina Applies Partial Fuel-Tax Increase From Jan. 1, Defers Remainder to Feb. 1

The decree phases in ICL and CO₂ levies to balance inflation risks against fiscal targets under the CPI-linked law.

Overview

  • Decree 929/2025, published in the Boletín Oficial, implements January-only updates to fuel taxes and schedules remaining deferred amounts for February 1, 2026.
  • For naftas, the ICL rises by about AR$17.29 per litre and the CO₂ tax by AR$1.06; for gasoil, the ICL increases by AR$14.39 and the CO₂ tax by AR$1.64, with an additional AR$7.79 regional differential.
  • The decree preserves the reduced ICL treatment for gasoil consumed in Patagonia and specified areas such as Patagones (Buenos Aires) and Malargüe (Mendoza).
  • Officials state the changes apply to transactions dated January 1–31, 2026, and the measure is signed by President Javier Milei, Economy Minister Luis Caputo and Chief of Cabinet Manuel Adorni.
  • Outlets report the higher levies are expected to lift pump prices, though pass-through will vary by company and costs; some estimates indicate roughly AR$1.1–AR$1.2 per litre on premium nafta and about AR$1.1 on gasoil.