Argentine government hikes biofuel prices for domestic market
Argentina has increased prices for biofuels in the domestic market, according to two resolutions published in the official gazette.
The Energy Ministry set the minimum price for sugarcane-based bioethanol at 1,005.872 pesos ($0.72) per liter, up from a previous amount of 1,000.868 pesos per liter.
Meanwhile, the price for corn-based bioethanol rose to 921,910 pesos per liter ($0.66), compared with the previous amount of 917,323 pesos.
The price of biodiesel for mandatory blending with diesel was set at 1,808.425 pesos per metric ton ($1,294.50), up from 1,808.690 pesos.
The changes took effect on Monday and will remain in effect until a new price is published.
Argentina is a major producer of biofuels, particularly biodiesel. It regularly raises prices for the domestic market.
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