Horacio Marín, president and CEO of Argentina’s state-owned oil company YPF, has cautioned that consumers should not expect an immediate reduction in gasoline prices.
Marín stated that the company has not yet reached the necessary equilibrium point to justify lowering pump prices, despite recent market fluctuations.
The executive highlighted that the ongoing international conflict continues to exert pressure on the company’s pricing strategy.
YPF is currently focused on mitigating the volatility associated with global energy markets, which has kept domestic fuel costs high.
The company’s stance suggests that any future price adjustments will be contingent on stabilizing these external factors rather than immediate political or market pressure.
This development comes as energy markets have experienced renewed volatility.