Oil companies are analyzing an imminent increase in fuel prices: what is the reason and how much would it increase?

The rise in crude oil prices following the escalating conflict in the Middle East will lead Argentine oil companies to implement a 5% increase in fuel prices in the coming days.
Oil companies are considering an imminent increase in fuel prices that would complicate the inflation rate.
The recent armed conflict between Israel and Iran caused a sharp rise in international oil prices, which will have direct consequences in Argentina with an imminent increase in gasoline and diesel prices.
This situation will affect prices at the pumps and could jeopardize the fiscal and inflationary program of Javier Milei's government.
Given this scenario, the country's major oil companies are already preparing to implement an average 5% fuel price increase in the coming days.
The adjustment is a response to the global surge in crude oil prices, driven by the uncertainty generated by the war in the Middle East, which destabilized energy markets.
The conflict reversed the sustained decline oil had been experiencing since early 2025. In this context, Brent futures surpassed $78 per barrel, marking the largest intraday jump since March 2022, when Russia invaded Ukraine. The price subsequently stabilized around $74.95.
The impact of the increase is not limited to consumers at gas stations; it could also influence the valuation of major energy companies . In the case of YPF, the country's largest operator, a rise in crude oil prices could translate into improved profitability.
However, the impact goes beyond the fuel market. Rising oil prices could affect the entire domestic price chain and increase pressure on energy subsidies . This scenario represents a challenge for the fiscal plans of Milei's government, which seeks to reduce the deficit without cutting social spending.
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