YPF cuts gasoline, diesel prices by 4%

YPF, the leading company in Argentina's fuel market with over 50% share, has announced an average 4% reduction in gasoline and diesel prices nationwide, effective Thursday, May 1st.

The news was confirmed by its Chairman and CEO, Horacio Marín, during a radio interview. He explained that the move is part of an adjustment in the company’s commercial strategy in response to both domestic and international economic trends.

Marín emphasized that this decision coincides with Labor Day and highlighted the company's commitment to its customers: “When it’s time to lower prices, we do it. And if at some point they need to go up, we’ll do that too,” he stated.

This marks the second price cut YPF has implemented in less than a year. The previous reduction occurred in October 2024, when the company adjusted its rates downward in line with shifts in the global oil market and Argentina's economic conditions. Marín recalled that occasion, noting: “Last time we cut by five points, but then a tax increase reduced that impact.”

According to the company, the latest decision stems from ongoing monitoring of key indicators such as the international price of Brent crude, exchange rate fluctuations, tax burdens, and biofuel prices. These factors are crucial in shaping YPF’s pricing policy.

A major factor influencing this price drop has been the decline in Brent crude prices, which serve as a benchmark in the Argentine market. In recent months, Brent has stayed at lower levels compared to the peaks seen in 2022 and early 2023, due to a slowdown in global demand, increased production outside OPEC+, and the stabilization of certain geopolitical conflicts.

YPF reiterated that its price adjustments are always based on a comprehensive analysis of all the components that make up fuel costs, aiming to maintain a balance between competitiveness and business sustainability.