INSUBCONTINENT EXCLUSIVE:
The company will cut gasoline prices by 4% and diesel prices by 5% starting Tuesday, October 1st.This marks the first decrease in fuel
At the pump, consumers will see a 1% drop in gasoline prices and a 2% reduction in diesel prices.The full impact of the price cut is
partially offset by recent currency devaluation and tax increases
They also factor in the costs associated with fuel production.The decision to lower prices comes amid a decline in global Brent crude oil
Brent crude is a key component in determining fuel prices worldwide
YPF has been monitoring this trend closely.YPF Lowers Fuel Prices in Argentina for the First Time Since 2019
(Photo Internet reproduction)Over the past eight months, YPF claims to have found a balance between international and local pump prices
move reflects its commitment to aligning fuel prices with market realities
may help ease inflationary pressures
However, the full impact remains to be seen.The fuel price reduction comes at a time of economic challenges for Argentina
potentially leading to industry-wide price adjustments
This could benefit consumers across Argentina.
