The price of Brent crude oil has risen above US$100, increasing concerns about the impact of fuels on Argentina and its inflationary consequences. On Wednesday, the price reached over US$108, a 4.5% increase, as reported by the Argentine News Agency. Although YPF CEO Horacio Marín promised there would be no sharp increases in fuel prices in the country, the reality is that they have risen by 10% in the last two weeks. This hike directly impacts inflation, which, according to private measurements, is once again approaching 3% for March.
Brent Oil Price Tops $100, Fueling Inflation Concerns in Argentina
Brent crude oil prices have risen above $108, leading to a 10% increase in fuel prices in Argentina over two weeks and raising concerns about inflation, which could reach 3% in March.