Commodity Market Report
Argentina retail fuels long-term outlook
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Report summary
National oil company YPF, Raizen, Axion Energy and Puma Energy combined supply over 95% of retail fuel demand. Refined product supply infrastructure is predominately controlled by these four players. This makes it difficult for independent players to gain a foothold in the retail market. A unique characteristic of the car parc is a notable share of compressed natural gas (CNG) vehicles making Argentina the home of one of the world’s largest CNG car fleets. This fuel is sold at around half of all service stations across the country and a small number of dedicated CNG sites.
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