Commodity Market Report

Argentina retail fuels long-term outlook

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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. The largest share of the assets belong to YPF. This makes it difficult for independent players to gain a foothold in the retail market. The passenger car fleet is characterised by a high share of compressed natural gas (CNG) vehicles – the world’s third largest CNG car fleet. 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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