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Tuesday, March 28, 2023

YPF raises fuel prices 3.8% since midnight

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The state majority oil company YPF will increase the price of its fuels by an average 3.8% starting at midnight this Thursday. The increase pre-announced by the company chaired by Pablo González comes from the hand of the one authorized by the oil company Shell during this day.

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According to Ámbito, the increase in the price of gasoline pumps seeks compensate various economic variables such as the evolution of the official exchange rate, the higher logistics and operating costs, and the increase in the prices of biofuels.

Starting at 00, the value of the super naphtha will go from $163.10 to $169.30, while fuel infinite it will jump from $209.10 to $217. While the D500 diesel will go up from $175.10 to $181.80 and the ID will go from $250.50 to $259.90.

Shell was the first of the oil companies to announce the new increase, also 3.8% on average, starting at 00 on Wednesday. The increase that was announced hours after the INDEC announced the inflation of 6.6% for the month of February. In the middle of last month, the oil company had raised prices by 4%.

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The decision, confirmed by the oil company Raizen to Ambit, It occurs within the framework of the agreement reached between the main oil companies that operate in the country and the Government, since the fuels are part of the Fair Prices program and that percentage can increase in March.

Tonight’s increase is the fourth increase authorized by the Government. As of this Wednesday, the price of super gasoline at Shell service stations within the City of Buenos Aires was around 169.07 pesos, while that of premium gasoline was going to be 205.33 pesos.

Meanwhile, common diesel cost 189.05 and premium, 245.41 pesos.

It should be remembered that a month ago, on February 15, the oil company Raizen authorized a 4% increase. At the time, the brand’s licensee reported that the update was trying to “minimally absorb price increases in biofuels.”

Source: Ambito

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