Víctor Agustín Ugarte Oviedo (5 May 1926 – 20 March 1995) was a Bolivian footballer.
He scored 16 goals in 45 caps for Bolivia, making him their third all-time top goalscorer behind Joaquín Botero and Marcelo Moreno.
In his last years he suffered from poverty and illness, which contributed to his death on March 20, 1995, aged 68.
The Victor Agustín Ugarte stadium in Potosí is named in his honour.
This biographical article related to a football forward from Bolivia is a stub.