Esso Lowers Prices

US fuel distributor Esso lowered gasoline prices in Argentina on Monday by 2.1-2.9% after the Argentine government threatened to exempt the company from a resolution allowing companies to import diesel tax-free. Anglo-Dutch oil company Shell and Esso raised fuel prices in early March, leading President Nestor Kirchner to call for a boycott of their products. Shell’s sales have fallen dramatically since the boycott began and the company announced last week that is was lowering gas prices.