The Wall Street Journal: Argentina To Hike Oil Export Duties If Intl Price Rises
DOW JONES NEWSWIRES
August 3, 2004 12:58 p.m.
Posted 4 August 04
BUENOS AIRES — Argentina’s government will raise oil export duties again if the international oil price remains above $42 per barrel, Planning Minister Julio de Vido confirmed Tuesday.
“The decision is already taken,” De Vido told reporters at a news conference. He said the measure is being designed by the Economy Ministry and will be enacted over the next few days.
The move is part of an attempt to prevent fresh fuel price rises, after Argentina’s four main fuel producers lifted gasoline and diesel prices over the last ten days.