Argentina's state-run oil and gas company YPF (YPF +0.2%) says it is raising prices on consumer...

|About: YPF Sociedad Anonima (YPF)|By:, SA News Editor

Argentina's state-run oil and gas company YPF (YPF +0.2%) says it is raising prices on consumer diesel and gasoline by an average of ~3% nationwide. YPF dominates the market in the country, but for years it has sold products at prices 10%-18% lower than the competition, partly due to government pressure to keep prices low. It's not yet clear precisely how raising prices will affect YPF's bottom line.