The Argentine government has announced an increase in the reference prices of biofuels for the domestic market, according to a series of resolutions published in the Official Gazette. These adjustments concern ethanol derived from sugarcane and corn, as well as biodiesel, all of which are used in mandatory blending with fossil fuels distributed in the country.
The Energy Secretariat set the new minimum price for sugarcane-based ethanol at 918.025 pesos per litre ($0.65), up from the previous 891.286 pesos. Corn-based ethanol is now set at 841.394 pesos per litre, up from the previous 816.887 pesos.
Biodiesel pricing adjustment
At the same time, the price of biodiesel for mandatory blending with diesel has been raised. It increases from 1,590,832 pesos per metric ton to 1,688,961 pesos, representing a rise of approximately 6.2%. These rates take effect immediately and will remain valid until a new revision is issued.
Argentina, one of the world’s largest biodiesel producers, regularly adjusts its reference prices to support local producers and reflect changes in production costs. The country imposes mandatory blending quotas in fuels destined for domestic consumption, making these prices critical for the sector’s economic balance.
Impact on the market and national production
These increases come amid persistent inflation and pressures on the national energy market. The price adjustments aim to maintain the economic viability of biofuel producers in the face of ongoing peso depreciation and rising costs of agricultural inputs.
Argentina’s bioenergy sector primarily relies on biodiesel made from soybean oil and ethanol from local crops. The industry plays a central role in the country’s energy strategy, particularly in reducing dependence on imported refined fuels.
