The Minister of Economy, Sergio Massa, will announce this Monday that fuels will be part of the Fair Prices program. The agreement would be in force for four months with increases limited to 4% in the first three months and 3.5% in the last.
Massa and the Secretary of Energy, Flavia Royon, will meet with representatives of the oil companies to define the terms of the agreement that contemplates a limited increase in the sale of liquid fuels.
“There will be a path of increases in the next four months with caps on increases to reduce inflation,” the official spokesmen said.
The head of the Palacio de Hacienda, Royon, and the Secretary of Commerce, Matías Tombolini, will meet this Monday with directors of the companies YPF, Shell, Axion and Puma to finish defining the details of the agreement.
A government spokesman announced that “companies will not be able to increase more than 4% per month in the first three months and present an agreement that has a fourth month capped at 3.5%.”