Overview

• International crude prices have fallen in recent months, yet Argentine pump prices have not moved in step.
• Luis Navas of Aesera said the relationship between oil benchmarks and retail fuel in Argentina is not direct.
• He cited the "costo argentino" and other internal factors as reasons the pass-through remains limited.
• Navas noted that, unlike Argentina, the United States typically sees gasoline prices move more proportionally with oil.
• He added that several distortive factors in the local economy are only now beginning to be corrected.