YPF president and CEO Horacio Marín said the company has not yet reached the equilibrium value needed to cut fuel prices due to rising Brent oil prices.
Marín explained that the rise in Brent crude, driven by tensions in the Middle East, delays any reduction at the pumps. "We have not yet reached the equilibrium value to lower the price of fuels," he said in an interview.
The executive detailed that YPF implemented a buffer mechanism to cushion international fluctuations and avoid abrupt transfers to consumers. With Brent near 91 to 93 dollars per barrel, the scheme does not yet allow a cut.
Beyond the current situation, Marín projected that oil production in Argentina could reach one million barrels per day by the end of this year or early next, with export potential by 2031 or 2032 thanks to Vaca Muerta.
