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[BUSINESS] · Argentina, Bolivia · 38 sources

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Fuel consumption declines in Argentina and Bolivia faces subsidy crisis

Argentina is experiencing a significant downturn in fuel consumption, with sales dropping 6.4% year-on-year in July 2026. This marks the sixth consecutive monthly decline and the sharpest drop since late 2024. The contraction was widespread, affecting 21 provinces, with Tucumán seeing the steepest decline at 22.41%. Only La Pampa, Neuquén, and Santiago del Estero recorded growth. Market leader YPF saw a 5.2% decrease in sales.

In Bolivia, YPFB President Sebastián Daroca warned that fuel subsidies have become unsustainable due to the widening gap between international import costs and domestic prices. The deficit for diesel and gasoline is estimated at approximately 1.7 billion bolivianos. Amidst fuel shortages and long queues, Minister of Hydrocarbons Marcelo Blanco alleged that a smuggling mafia exists within YPFB and the ANH. Despite calls for his removal, the Bolivian Legislative Assembly failed to reach the two-thirds majority required to censure him.

Entities

Agencia Nacional de Hidrocarburos · Argentina · Asamblea Legislativa Plurinacional · Bolivia · Marcelo Blanco · Sebastián Daroca · Secretaría de Energía de la Nación · Trafigura · YPF · YPFB

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16 days ago
16 days ago