IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 02 Oct 2012 | Removal date: open ended

Price stabilisation

On 2 October 2012, the Secretariat of Energy of Argentina has adopted Resolution 1725/2012 increasing the fixed-price of biodiesel that oil companies have to pay to biodiesel producers.

The new price has increased from ARS 4,405.3 (USD 937) to ARS 4,461 (USD 949) per tonne.

In addition to this amount, blending companies had to pay a variable cost per tonne calculated by taking into account the costs of Methanol and of soy oil, including transactions related to its purchase and its transportation.

Due to the compulsory requirement to use at least 5% of biodiesel in fuel blends locally produced imposed via Law 26,093 of 2006, this increase in the prices of biodiesel suggests that this intervention is intended as a price support to domestic biodiesel producers.

AFFECTED COUNTRIES

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AFFECTED SECTORS AND PRODUCTS

354 Chemical products n.e.c.
3826 Biodiesel and mixtures thereof, not containing or containing less than 70 % by weight of petroleum oils or oils obtained from bituminous minerals.
382600 Biodiesel and mixtures thereof, not containing or containing less than 70 % by weight of petroleum oils or oils obtained from bituminous minerals.

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