[HIGHLIGHTS] The lines to fill up with gasoline returned due to a possible new increase in pumps

Argentine fuel prices could rise by as much as 11%. The tax on liquid fuel (ICL) and carbon dioxide (IDC) has been frozen since 2021.

The tax burden was last updated during the second quarter of 2021. In January alone, sales fell 20% according to estimates by CECHA, the Confederation of Hydrocarbon and Related Marketing Entities. For the Nation it could imply extra resources for 0.37% of GDP and for provinces for0.15%.