Bloomberg News

YPF Raises Gasoline Prices for Second Time Since Nationalization

October 19, 2012

YPF SA (YPFD), Argentinas’s biggest energy company, is boosting gasoline and diesel prices for the second time since it was nationalized in April.

The company will raise fuel prices 3.2 percent on average in all of its 1,500 service stations, which represent 58 percent of the market in the South American country, the company said in an e-mailed statement. It previously increased fuel prices 7 percent on Aug. 15.

Chief Executive Officer Miguel Galuccio said in August that YPF would adjust gasoline prices in line with production costs and that the company was in talks with the Argentine government to discuss increases in natural-gas prices.

YPF spokesman Alejandro Di Lazzaro didn’t reply to calls and e-mails seeking further comment.

To contact the reporter on this story: Pablo Gonzalez in Buenos Aires at pgonzalez49@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net


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