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.