YPF Confirmed an Average 1% Increase in Fuel Prices Across the Country
20 Articles
20 Articles
The oil company will apply a slight increase below its competitors; they assure that the international volatility of the price of the crude will not be transferred to the pumps
The company assured that it will continue to apply its micropricing system, through which it makes specific adjustments according to supply and demand variables, competition, slots, corridors and geographical areas
It is the first fuel hike since May, not counting tax and biofuel updates.The cause is the spread of the war in the Middle East, which keeps oil steadily above $100 per barrel.In oil companies, they say prices are still 15% behind.
The state oil company will apply the increase from Saturday to 0:00. The oil company’s owner defended the decision and explained how the buffer system works. The post YPF increased fuel prices and Horacio Marín explained the motive appeared first on El Intranssigente: Latest news from Argentina and the world in real time.
The state firm ordered the price rise in the midst of the freeze it had arranged in April and with no prospect of a solution around the Middle East war.
After the other fuel brands on the market, Axion, Puma and Shell, announced increases in fuel prices, YPF reported that it increased the value of its fuels, both naphtha and diesel, by an average 1% across the country. The company, which concentrates 55% of the fuel retail market, had [...] The YPF entry confirmed an average 1% increase in fuel prices across the country was first published in Diario La Voz del Chaco.
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