Argentina fuel sales hit 2023 low as tax burden surges 1,300%

Argentine fuel sales fell 5.26% year-on-year in Jan-Jul 2026 to 5.667M liters, the lowest since 2023, while the fuel tax rose over 1,300%, now 20.1% of super fuel price in CABA. The tax hike, far above inflation, likely drove demand destruction, signaling economic strain and potential inflationary pressure.