Government of Argentina increases fuel tax in May, catches drivers by surprise and further pressures gasoline after a 20% increase since the start of the war in Iran.

Written by Fabio Lucas Carvalho

Published on 30/04/2026 at 11:18

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Argentinian Government partially raises fuel taxes starting in May, amid rising oil prices, a 20% increase in gasoline since February, and transportation pressure on March inflation.

The Argentinian government announced this Thursday (30th), in an Official Gazette publication, that it will partially increase fuel taxes starting in May. The decision comes amid pressure from international oil prices, which rose after the start of the war in Iran.

The measure comes at a time of increases already felt by Argentinian consumers. Since February, when the conflict began, gasoline prices in the country have accumulated a 20% increase, in a scenario of strong pressure on the transportation sector and on inflation.

Argentinian Government raises taxes amid rising oil prices

The partial increase in fuel taxes was announced shortly after YPF, the Argentinian state energy company, informed that it would keep gasoline prices stable at stations for 45 days. The company’s decision had been communicated at the beginning of the month.

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Fuels are already pressuring inflation

The rise in fuel prices is already appearing in Argentina’s price indicators. Data released by the National Institute of Statistics and Censuses show that the Consumer Price Index rose 3.4% in March.

The result was mainly driven by the education sector, with an increase of 12.1%, and transportation, with a rise of 4.1%. The monthly variation also represented an acceleration compared to the 2.9% recorded in February.

The March index marked the highest level in a year. In the 12 months up to March, inflation stood at 32.6%, below the 33.1% observed in the previous month.

Economic adjustment advances in the country

The decision of the Argentinian government comes as the country undergoes a broad economic reform. Since taking office in December 2023, President Javier Milei has halted federal projects and stopped resource transfers to the states.

The government also removed subsidies from water, gas, electricity, public transportation, and other essential services. These measures have led to a significant increase in consumer prices.

Poverty intensified in the first half of 2024, reaching 52.9% of the population. In the second half of 2025, the percentage fell to 28.2%, the lowest level in seven years.

At the same time, Milei recorded a sequence of fiscal surpluses, when revenue exceeds spending. This movement helped regain the confidence of some investors.

Since last year, the Argentinian government and the Central Bank have adopted monetary, fiscal, and exchange measures to increase the inflow of dollars into the country. The goal is to meet the agreement with the International Monetary Fund and support economic recovery.

The Argentinian government seeks to stabilize inflation, strengthen international reserves, improve the functioning of the exchange rate, and attract investments. These goals advance alongside the economic adjustment promoted by Milei.

Government of Argentina increases fuel tax in May, catches drivers by surprise and further pressures gasoline after a 20% increase since the start of the war in Iran.

Argentinian Government partially raises fuel taxes starting in May, amid rising oil prices, a 20% increase in gasoline since February, and transportation pressure on March inflation.

Argentinian Government raises taxes amid rising oil prices

Fuels are already pressuring inflation

Economic adjustment advances in the country

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Government of Argentina increases fuel tax in May, catches drivers by surprise and further pressures gasoline after a 20% increase since the start of the war in Iran.

Argentinian Government partially raises fuel taxes starting in May, amid rising oil prices, a 20% increase in gasoline since February, and transportation pressure on March inflation.

Argentinian Government raises taxes amid rising oil prices

Fuels are already pressuring inflation

Economic adjustment advances in the country

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