YPF to pay over $1 billion in taxes and hold fuel prices

YPF will pay more than $1 billion in income taxes next year, its first such payment since 2014, CEO Horacio Marín said in Paris on September 30, 2026. The company is already paying income tax advances to the tax agency ARCA. Marín also announced that the state-controlled energy firm will hold gasoline prices steady for three months despite volatility in international crude markets.

Marín explained that fuel prices have risen just over 10% since oil spikes began, utilizing price buffer mechanisms initiated in April and extended through mid-June. He stated that domestic gasoline demand fell 6% year-on-year in late March after initial international price surges, but recovered from a 2% decline in early September to flat levels, while diesel demand is currently expanding. Daily oil production at the firm has surpassed 240,000 barrels.

Regarding investments, Marín detailed up to $6 billion in financing from the US EXIM Bank for the Argentina LNG project, co-led with Eni and XRG. The export terminal initiative has applied to the RIGI incentive regime for its 12 million metric tons per year stage, targeting $51 billion in total cumulative investment and $10 billion in annual exports once operational. Final investment decisions are planned for late November, with steel pipe auction results scheduled for late October.