Fuel sales in Argentina fell for a fifth consecutive month in June, extending a contraction that has now defined the first half of 2026.
The decline marks the second drop of the year, underscoring persistent weakness in domestic consumption despite ongoing geopolitical tensions in the Middle East that have kept global energy prices elevated.
Data from Clarín indicates that fuel dispatches retreated 2.9% compared to June 2025 and fell 3% year-on-year from May.
The contraction comes even as the country experiences broader global supply constraints, suggesting that local demand destruction is outpacing any potential volume support from higher prices or supply shocks.
The slump in fuel sales reflects deeper economic challenges within Argentina, where consumers remain sensitive to energy costs.
While global markets have seen volatility driven by Middle East conflicts, the Argentine market has been characterized by a delay in price adjustments at the pump.