THE petrol and diesel increased by 4% starting this Saturday April 15th. This is the first of four monthly hikes agreed to by the Energy Secretary, Commerce Secretary and oil companies in a deal Wednesday.

There will also be 4% hikes in May, June and July. The total increase will be 17%, as the adjustments are not made on a base price, but are cumulative.

From this Saturday, the liter of super petrol In the City of Buenos Aires went from $169.3 to $176.10while the prize is now at $226.

As for the dieselthe liter of its common version in CABA increased from $181.8 to $189.1. He premium diesels is now joined by $266.

Fuel prices: four monthly increases of 4%

The price of YPF super petrol in Buenos Aires (the cheapest fuel on the market) it will go from the current $169 to $198 in August. Due to the accumulation of one increase after another, the increase will reach almost 17%.

Based on the indications of the Minister of Economy, Sergio Massa, the Secretariats of Energy and Commerce last Wednesday renewed the Fair prices agreement with the oil sector to stabilize fuel prices for the next 4 months.

“This agreement, presented by the Secretary of Energy, Flavia Royón, and the Secretary of Commerce, Matías Tombolini, establishes a guideline of 4% per month in petrol and diesel prices from April 15th to August 15th“This was reported by the Ministry of Energy.

YPF, PAE, Raizen and Trafigurathe main companies in the sector have signed this agreement.

“We understand this requires an effort on the part of businesses, the state is already making an effort to contain prices and anchor inflationary expectations so that this doesn’t have an effect on prices and people’s pockets,” the Secretary of State said. ‘Energy, Flavia Royón in a statement.

Alejandro Fernández (Commercial Vice President of YPF), Martín Urdapilleta (General Manager of Trafigura), Alejandro Cervino (External Relations Manager of Raizen) and Agustín Agraz (Vice President of Institutional Relations for Pan American Energy Downstream Operations), attended company name. Raizen operates the Shell brand, while Pan American Energy markets Axion products.

“The signing of this agreement allows us to give a signal of predictability to consumers, users and businesses and, moreover, it accompanies the roadmap established by Minister Massa which encourages us to maintain fiscal balance and take care of reserves”, according to Tombolini.