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Argentina Delays Fuel and CO2 Tax Hike to Nov. 1 Under Decree 699/2025

The government says deferring the CPI-indexed levies will support growth by limiting pass-through to pump prices.

Overview

  • Decree 699/2025, published in the Boletín Oficial, revises the timetable set by Decree 617/2025 that had tax updates taking effect on October 1.
  • The move postpones increases on liquid fuels and the carbon dioxide levy, affecting unleaded gasoline, virgin naphtha and gasoil.
  • The measure is formally signed by President Javier Milei, Chief of Cabinet Guillermo Francos and Economy Minister Luis Caputo.
  • News outlets report the freeze extends beyond the October 26 legislative elections, with adjustments scheduled for November 1 unless a further delay occurs.
  • Retail prices will continue to be shaped by YPF’s micropricing system alongside ARCA’s statutory indexing framework and the revised tax calendar.