YPF Oil announced an increase in gasoline and diesel prices

After three months, oil company YPF announced this Sunday that fuel prices have risen
again.
As announced by the company, this fee increase will take effect from Sunday, August 21 and will be reflected in variables in the formation of the price chain
.

The announcement made it clear that the new rates for gasoline and diesel will increase by an average of 7.
5%, with gasoline up 8.
5% and diesel up 6%.

In view of the new price imposed on its supply, YPF clarified that "against the backdrop of continued historical demand records, YPF will continue to do its best in its production and logistical efforts to maintain fuel supply
to the national market.
" ”

Due to the increasing external factors affecting the formation of fuel prices, the company made it clear that "we will continue to monitor the evolution of relevant variables after this price adjustment"
.

Taking into account the increase in average prices by 7.
5 pesos, it is expected that the supergasoline per liter in the market will rise from 120.
30 to 130.
05 pesos, premium gasoline from 147.
30 to 159.
8 pesos, diesel from 128.
10 to 135.
7 pesos and premium diesel from 175 to 185.
5 pesos
.

This time gasoline will reportedly be even higher, as an estimated 8.
5% increase is between super gasoline and premium gasoline, while diesel is up an average of 6%
between Grades 2 and 3.

Among the factors influencing this price adjustment measure, the increase in bioethanol fuel prices has been particularly prominent since the company's last fuel price increase on May 9; and a cumulative depreciation of 16%
since the last gasoline price adjustment.

In the last increase in fuel prices implemented in the national regions in May, the increase averaged 9%, a decision that the authorities explained was based on: the increase in costs associated with refining and marketing; Third-party-produced biofuels are rising in local prices and marketers must buy them at regulated prices; and the need for imports to supplement local refining and rising international fuel prices
.

According to sources related to the oil industry, YPF Oil has applied for a 41.
7% price increase over the past 12 months, which is still lower than the evolution
of the Consumer Price Index (CPI) and relative prices in the economy.

At the same time, there are still significant differences in fuel prices between Argentina and neighboring countries, forming the sale of different fuel products abroad through consumption of many foreign patented vehicles; This situation has led to a significant increase
in the demand for gasoline and diesel on the North Coast and in the northern provinces of Argentina.

In addition to raising prices, the YPF company announced its decision to implement financial assistance
to its gas stations.
In response, the company detailed that the aid was equivalent to two percent of the total increase in gasoline and diesel
.
According to Télam, "Over the past 12 months, YPF gasoline has risen by 32% and diesel by 51%, or an average increase of 41.
7%"
.

In addition to these indicators, it is worth noting that other price variables related to the local economy also remain significantly higher, thus influencing the company's decision to
raise fuel prices.