YPF raised the value of its gasoline by 4% on Thursday as part of its Fair Fuel Prices program which sets caps on increases in the sector.
According to this understanding, oil companies have increased since last December to 4% monthly the value of fuelswhile, for next March, the planned increase is 3.8%.
The increase started to take effect from the first hour of Thursday and is in line with the increase announced by Shell yesterday Wednesday
At the end of last November, the Minister of the Economy, Sergio Massa, announced an agreement with the oil companies so that the fuels participate in the Fair prices programme.
“We will have December, January, February and March with a predefined upward path: 4% in December; 4% in January; 4% in February and 3.8% in March, with the aim of continuing to build a path in the which all sectors contribute to significantly reduce inflation, which is the main drama in Argentina”, said the minister.
The agreement was signed by the presidents of YPF, Pablo González; from PAE-Axion, Marcos Bulgheroni; and by Raizen-Shell, Teófilo Lacroze.
Source: Clarin
