This February 1, the freeze on the fuel tax expired, which had not been updated since 2021. Through the Official Gazette, the Government announced an increase that would be around 11%.
Until this Wednesday, a liter of super gasoline at YPF in the City of Buenos Aires was sold at $699 per liter, while Infinia gasoline had a value of $862 per liter. With the new measure, a liter of Super gasoline would cost $776, while Infinia gasoline would cost $957.
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This February 1, the fuel tax freeze expires. (Photo: YPF)
The fuel tax was created by Law 23,966, passed in 1998, with the objective of financing housing and infrastructure funds throughout the country.
These are two taxes, the Tax on Liquid Fuels and the Tax on Carbon Dioxide, and impose fixed amounts that are updated based on the variation in the Consumer Price Index measured by the INDEC every three months.
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Fuels are one of the key components that can add more pressure to inflation indicators for February, where the Government expects the Consumer Price Index to show a significant reduction compared to 25.5% in December.