Argentina's state-run oil company YPF has increased its prices at pumps between 9.5% and 11.5%. It was the second rise this year. Other brands such as Shell have followed suit. The last increase had been in February.
Uruguay's oil and energy Ancap must pay US $ 10 million to fuel distributors Petrobras and Axion after losing a 2017 lawsuit filed when the plaintiffs saw their profit margins narrowed by local regulations, the Montevideo El Observador newspaper reported.