The Government once again suspended the increase in taxes on liquid fuels, to avoid an adjustment in the prices of gasoline and diesel. Through Decree 864/2022, published this Friday in the Official Gazette, the Executive Power ordered that the increase apply only from April 1, 2023.
“It is established that the increases in the amounts of taxes established in Law No. 23,966 resulting from the updates corresponding to the third and fourth calendar quarters of 2021 and the first, second, third, and fourth calendar quarters of 2022, will take effect for the unleaded gasoline, virgin gasoline and diesel, as of April 1, 2023, inclusive,” according to the official text.
The 12/30/2022 edition of the Official Gazette of the Argentine Republic is already published.
You can view it at https://t.co/AA3isnRTrY
— RA Official Gazette (@boletin_oficial) December 30, 2022
This is a new extension of the fuel tax, as has been the case since 2021; Law 23,966 -sanctioned in 1998- created this tax, which is added to the price of gasoline and diesel.
Said tax must be updated by calendar quarter based on the variations of the Consumer Price Index (CPI) measured by the INDEC, but the Government has been postponing its application so that it does not impact the prices to the supplier.
In November, the Ministry of Economy closed an agreement with the oil companies YPF, Shell, Axion and Puma through which gasoline and diesel should not rise more than 4% during the first three months of 2023 and 3.8% in the fourth month.