Argentina Government Reaches Price Ceiling Deal with Fuel Producers
Argentina Government Reaches Price Ceiling Deal with Fuel Producers
November 30, 2022--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--The Argentine Ministry of Economy and YPF S.A. (NYSE:YPF) (Buenos Aires, Argentina), Shell plc (NYSE:SHEL) (London, England), Axion Energy S.A. (Buenos Aires) and Puma Energy (Buenos Aires) closed a deal this week to raise fuel prices in the country between December and March. According to the agreement, fuel prices will increase by 4% in December, January, and February and then 3.8% in March.
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