After the government of Javier Milei decided to postpone the update of taxes on liquid fuels in order to avoid its impact on the inflation index, Shell and Axion announced this Friday that the example of YPF will follow and lower their prices in supplier.
YPF applied on Thursday an average reduction at the national level in the prices of their fuels in line with the fall in international oil prices from the commercial war between the United States and China. It also influenced the decision to eliminate crawling PEG announced by the Milei government after the partial exit of the exchange rate, as well as the postponement of the update of taxes on liquid fuels.
After knowing the decision of the state company, the Minister of Economy, Luis Caputo, celebrated in his X account and said that “in this new Argentina, prices are not inflexible down.”
YPF concentrates about 60% of the fuel sales in Argentina and its competitors are forced to move in the same sense not to lose market.
In that sense Shell reported today, without giving major details, a decrease in its prices “in line with the market.”
Similar posture adopted axion that resolved to lower its prices in in -line supplier with the reduction applied by YPF.
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