As Ámbito was able to confirm, gasoline increased by 6.45%. The increase can already be seen at the pumps of the oil companies Shell, YPF, PAE and Puma. Only Axion remains.
The national government applied the fuel tax for 2021 and 2022, and postponed the increase until 2023. Due to this, as confirmed Ambit, gasoline increased by 6.45%. The increase can already be seen at the pumps of the oil companies Shell, YPF, PAE and Puma. Only Axion remains.
Government established that the increase in the first and second quarters of 2023 take effect for unleaded gasoline, virgin gasoline and diesel as of March 1 of this year. Meanwhile, the other increases are planned for April 1 and May 1.
In the recital of the standard, the Executive poses that this decision aims to “initiate a process of regularization of the aforementioned remaining increases, it is reasonable to partially defer their effects, as well as those of the update corresponding to the fourth calendar quarter of 2023.”
Likewise, the Ministry of Energy, which leads Eduardo Rodríguez Chirillo, He had already announced that he hopes that path of “sincerity” in the price of fuels occurs gradually after the strong increases accumulated in recent months.
The decree argues that “through different norms have been successively deferreduntil various dates, the effects of the increases in the amounts of taxes established in the first paragraph of article 4, in subsection d) of article 7, both of Chapter I, and in the first paragraph of article 11 of the Chapter II, all of them from Title III of Law No. 23,966, text ordered in 1998 and its modifications, resulting from the pertinent updates, in the terms of article 7 of the Annex to Decree No. 501/18, for gasoline without lead, virgin gasoline and diesel.”
What are fuel taxes?
In detail, fuel taxes have an update mechanism based on the variation of the Consumer Price Index (CPI) of the INDEC of the previous quarter, in line with what is provided for by the regulations in force since 2018.
Although the official premise is price liberalizationcorrecting the entire delay implied a direct effect on inflation amid the increases in other regulated services and, consequently, on consumers’ pockets.
Source: Ambito
