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After Milei's speech, gasoline increased at midnight

2024-03-02T02:53:56.331Z

Highlights: After Milei's speech, gasoline increased at midnight. The increase will be an average of 7.5% at the national level. Super gasoline will rise to about $800 at YPF service stations in the City of Buenos Aires. Nafta, buses, domestic workers, prepaid, electricity rates, private schools, rentals, trains and taxis, March arrives with at least 8 increases already scheduled that will affect inflation which, although showing signs of deceleration, is still shown in the two digits.


The increase will be an average of 7.5% at the national level. The oil companies waited for Milei's speech and the economic announcements.


This Saturday, March 2, at 0 a.m., the oil companies applied a new increase in the prices of gasoline 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 impacts almost 4%), the devaluation of the peso against the dollar (2% monthly) and the impact of biofuels.

Thus, super gasoline will rise to about $800 at YPF service stations in the City of Buenos Aires, the cheapest place, with the exception of Patagonia (where the fuel tax is not paid).

The premium would reach $987 per liter.

The tax update will be monthly until June, inclusive.

The Government seeks tax collection of almost $4 billion through this means alone, 0.5% of the Gross Domestic Product or almost 10% of the fiscal adjustment that Javier Milei wants to make.

Oil executives consider that super gasoline should be around US$1.20 to US$1.23 per liter, for which there are still more increases.

Nafta, buses, domestic workers, prepaid, electricity rates, private schools, rentals, trains and taxis, March arrives with at least 8 increases already scheduled that will affect inflation which, although showing signs of deceleration, is still shown in the two digits.

The rise in fuel is what generates the most concern, and that is reflected in Google searches.

Catamarca and Chubut are the provinces in which these concepts have raised the greatest interest in recent hours.

CABA, Buenos Aires, and Córdoba, those that follow.

Source: clarin

All business articles on 2024-03-02

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