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4w ago

YPF to Reduce Fuel Prices by 4% Nationwide Starting May 1

The price cut, driven by falling global oil prices, marks YPF’s second reduction in less than a year and aligns with Argentina’s inflation control goals.

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Autoservicio de NAFTA en YPF Fotos Emmanuel Fernández - FTP CLARIN EMA00804.JPG Z EFernandz Efernandez
Así lo confirmó el secretario coordinador de Energía y Minería, Daniel González, quien dijo que las tarifas se van a actualizar cada mes según una fórmula que tendrá en cuenta la inflación minorista (IPC) y la mayorista (IPIM).

Overview

  • YPF, Argentina’s state-controlled oil company, will lower the prices of gasoline and diesel by an average of 4% nationwide starting May 1, 2025.
  • This is the second fuel price reduction by YPF in under a year, following a cut in October 2024, and reflects its variable-based pricing policy.
  • The decision is influenced by a recent drop in global Brent crude oil prices, partly driven by U.S. tariff measures under President Donald Trump.
  • YPF adjusts its prices based on key factors including international oil prices, exchange rates, tax burdens, and biofuel costs.
  • The move aligns with Argentina’s economic strategy to curb inflation, aiming to maintain monthly inflation below 2% while moderating utility rate increases.