The oil company YPFwhich controls more than 50% of the fuel vending market in Argentina, announced that as of May 1, May 1 will implement a 4% average drop in the prices of the prices of nafta and the gasoil throughout the country. This was reported by his CEO and president, Horacio Marínduring an interview granted to Eduardo Feinmann on Radio Miter of measures that seek to adapt their commercial policy to the evolution of local and international economic variables.
This new reduction in the price of fuels constitutes the second in less than a year. In October 2024, YPF He had already made an adjustment down, in line with changes in the global oil market and internal conditions of the Argentine economy.
In accordance with what is reported by the company, the decision to lower prices again is part of the constant monitoring of key variables such as the international value of the Brentthe exchange rate, the tax burden and the price of biofuels. These elements are permanently evaluated to define the firm’s price policy.
One of the factors that influenced this decision was the international price of Brentwhich is taken as a reference for fuel prices in the Argentine market. In recent months, Brent’s barrel showed a downward trend, standing at lower levels compared to the peaks registered during 2022 and early 2023.
-The decrease in the price of oil is partly explained by a deceleration in global demand, added to a greater production of countries outside the OPEC+and the stability achieved in some geopolitical conflicts that had stressed the market.
YPF He explained on several occasions that the price update responds not only to the Brent movement, but also to the analysis of other components of the fuel costs. Among them stand out:
- Exchange rate: The official dollar variation has a direct impact on the import price of inputs and in the logistics costs of the industry.
- Tax load: taxes applied to fuels represent a significant part of the final price, so any regulatory modification or update in taxes influences price policy.
- Biofuel price: Biofuels are mixed with gasoline and diesel in proportions regulated by the State. Its market value, and any change in current provisions, affect the final cost of the products.
With this approach, YPF It seeks to maintain a balance between the competitiveness of its prices and the economic sustainability of its operation.
News in development
