YPF confirmed that fuel price drops 4% as of May 1

As this media advanced, YPF He announced on Tuesday that he will reduce fuel prices (gasoline and diesel) an average 4% as of May 1. This is the second drop in prices in less than a year, since the previous one was implemented in October 2024.

According to the company, through a statement. The decision to lower prices “is taken from the constant monitoring of key variables that the company performs to define its price policy”, such as “the international value of the Brent, the exchange rate, the tax burden and the price of biofuels.”

YPF drops fuels since May 1

YPF’s decision arises after the descending movement of the price of oil last March, where 15% was reduced since the end of that month, with the decrease in the value of the barrel of US $ S74.98 AU $ S63.60.

In this way, according to what YPF reported today, “it complies with the commitment to offer products of the highest market quality and with the price agreement with its consumers.”

The last increase applied by YPF was 1.7% average nationwide on April 1below 1.9% in March. The increases responded mainly to the update of the Liquid Fuel Tax and the carbon dioxide, in addition to internal cost adjustments.

“Prices are not tied to inflation,” Marín clarified, in reference to the March CPI data (3.7%), and argued that fuels are adjusted according to the price of the international crude, the tax burden and the exchange rate.

In relation to the price structureThe YPF Executive indicated that the value of fuels in Argentina is very close to the import level of Parity —The international price reference – with a difference of just 1%. He also stressed that there are provinces and cities where there are still price distortions that the oil company is trying to correct. “In the city of Buenos Aires, NAFTA cost 15% less than in the killing of subsidies to conurbano estacions, madness. That is standardizing,” he explained.

Currently, the price of the liter of gasoline in Argentina is around US $1,1, placing the country as the most expensive third in South America, only behind Uruguay (US $ S1,8) and Chile (US $ S1,2), according to international data.