YPF recorded losses of $1.16 billion

According to the second-quarter corporate report presented on Monday, YPF recorded a loss of 85 billion pesos ($1.16 bn) due to the fall in international prices and low demand for fuel in this context of the pandemic. Naphtha and diesel sales fell up to 87% during the beginning of the quarantine. It reflected in decline in YPF’s revenue, which during the period in question fell 17% below that recorded in the second quarter of 2019.

Source: Ámbito