Argentina raises biofuel prices for domestic market
The Argentine government raised the prices of biofuels for mandatory local blending on Monday, according to two resolutions published in its official gazette.
The Energy Secretariat, which reports to the Ministry of Economy, set the price of sugarcane-based bioethanol at 800.043 pesos per liter (about $0.63), from the previous 792.122 pesos per liter.
The price of corn-based bioethanol rose to 733.26 pesos per liter from 726 pesos before the resolution was announced.
The price of biodiesel for its mandatory blending with diesel was set at 1,302,411 pesos per metric ton, up from the previous 1,276,874 pesos.
The new prices will apply to "transactions carried out during the month of July 2025 and until the publication of a new price to replace them," and will take effect from the date of their publication in the official gazette, the Energy Secretariat said in a statement.
Libertarian President Javier Milei's government last month raised the prices of sugarcane-based and corn-based bioethanol.
($1 = 1,261.50 pesos)
Comments