This Saturday 2 March, at 0:00 am, the oil companies have applied a new increase in the prices of petrol and diesel.
The increase in fuel prices will reach 7.5% on average nationwide. It is a consequence of the increase in fuel taxes (which accounts for almost 4%), the devaluation of the peso against the dollar (2% monthly) and the impact of biofuels.
Thus, super petrol will rise to around 800 dollars in YPF petrol stations in the city of Buenos Aires, the cheapest place, except in Patagonia (where the fuel tax is not paid). The premium would reach $987 per litre.
The tax update will be monthly up to and including June. By this means alone the government seeks to collect taxes worth almost 4 billion dollars, 0.5% of the gross domestic product or almost 10% of the fiscal adjustment that Javier Milei wants to achieve.
Oil industry executives believe superpetrol should be between $1.20 and $1.23 per liter, with further increases expected.
NAFTA, buses, domestic workers, prepaid cards, electricity tariffs, private schools, rents, trains and taxis, March arrives with at least 8 increases already scheduled which will influence inflation which, despite showing signs of deceleration, is still in double digits.
The increase in fuel is what causes the most concern and this is reflected in Google searches. Catamarca and Chubut are the provinces where these concepts have attracted the most interest in the last few hours. CABA, Buenos Aires and Córdoba, the ones that follow.
Source: Clarin
