Argentina’s YPF Increases Price of Gasoline 7%, Cronista Says

Argentine oil producer YPF SA (YPFD) raised the price of gasoline by 7%, the first increase since the government nationalized the company earlier this year, El Cronista reported.

The increase, effective yesterday, took the price of super- grade gasoline to 5.879 pesos ($1.30) per liter, the Buenos Aires-based newspaper said, without explaining how it obtained the information.

The measure follows gasoline price increases by Royal Dutch Shell Plc (RDSA) and Exxon Mobil Corp. (XOM), El Cronista said.

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

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.