Buenos Aires Times

economy FOLLOWING 2ND YPF HIKE

Fuel prices in provinces soar as high as 43.50 pesos per litre

Average premium fuel products were selling for 36.5 pesos in Sauce, Corrientes province, at the end of June. They rose to 38.5 pesos on July 1 and 43.5 pesos (US$ 1.57) five days later.

Tuesday 10 July, 2018
Fuel prices have soared for Argentine drivers in 2018.
Fuel prices have soared for Argentine drivers in 2018. Foto:Noticias Argentinas

More Economy News

Premium fuel prices at petrol stations in Argentina’s provinces soared as high as 43.50 pesos (US$ 1.57) per litre this weekend, after the state-run energy company YPF raised its prices for a second time in less than a week.

The 43.50-peso price tag was registered in Sauce, a city with 10,000 inhabitants located 393 kilometres south of Corrientes City, which sells YPF products.

YPF raised prices by five percent on July 1 and by an additional one percent this past Saturday, July 7.

Average premium fuel products — which car companies recommend for newer models — were selling for 36.5 pesos in Sauce at the end of June. They rose to 38.5 pesos on July 1 and 43.5 pesos (US$ 1.57) five days later.

The price hikes reflect a broader problem with pricing at fuel stations in the provinces, with the prices at Sauce reflecting a 44-percent difference with the average per-litre prices that drivers pay in Buenos Aires City. (On average, drivers in the capital pay 28.11 pesos per litre for premium.)

Competition in major cities means fuel providers are forced to keep prices low, while in the provinces some towns or smaller cities rely on just one or two petrol stations.

The Energy Ministry has tried to shift the responsibility for rising prices onto fuel providers, saying pricing “is totally liberal” in Argentina. 

-TIMES

Poll

Op-Ed

Top Stories

  1. 1Foreign voices must speak up and call for Milagro Sala’s releaseForeign voices must speak up and call for Milagro Sala’s release
  2. 225 survivors of ship-sinking reach Uruguayan, Argentine ports
  3. 3Lavanga: Opposition eyes off ex economy minister as 2019 presidential candidate
  4. 4Anti-Corruption Office hired PRO party-linked lobby group to run communication strategy: report
  5. 5France win World Cup after beating Croatia in Moscow thriller
  6. 6AFA quietly ends Jorge Sampaoli's time in charge of national team
  7. 7Environmentalists battle use of glyphosate in Argentina’s countryside
  8. 8Monsanto faces first US trial over Round-up cancer link
  9. 9New Argentine ambassador to US submits credentials to Trump
  10. 10Environmentalists battle use of glyphosate in Argentina’s countryside