Argentina Roundup: Milei inauguration, Prices, Bolsonaro, Fernández

Companies increase gas and diesel oil prices

Oil companies have not waited for the new announcements from Argentina's President-elect, Javier Milei, who will assume the presidency this Sunday. This Friday morning, Shell implemented an almost 15% increase in the prices of gas and diesel oil. YPF followed suit with a 30% increase in gas. Other companies, such as Puma and Axion, have also taken similar steps. The hike comes at the beginning of the long weekend, a time when consumption tends to rise, according to a report from El Clarin. Since October 23, gas prices have risen by 62.9%.

Lines form at supermarkets

Consumers fear new price increases. In the past week, supermarkets once again recorded a higher volume of sales compared to the week following the runoff election. A source from the supermarket sector revealed to El Clarín that 80% of the prices have risen by 22% since the runoff election.

Jair Bolsonaro arrives in Argentina

The former president of Brazil arrived in Buenos Aires to attend Javier Milei's inauguration ceremony on Sunday. After meeting with the future president of Argentina, Jair Bolsonaro said he hopes that Milei “manages to turn around a situation that is very difficult”, La Nación reports.

Ukraine’s Zelenskiy expected in Argentina

Ukrainian President Volodymyr Zelenskiy is expected to attend Javier Milei’s inauguration, diplomatic sources have confirmed to the Herald. Milei has consistently expressed support for Ukraine, and Zelenskiy thanked the future president for his "clear stance" following his victory in Argentina's elections.

Alberto Fernández will deliver his final message as president

The outgoing leader will give his last speech as the president of Argentina this Friday at 6 pm (GMT-3). It is expected to be a summary of his administration, as reported by La Nación. On Wednesday, Fernández bid farewell to the workers at the Casa Rosada, the president’s official workplace.