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: 15 Oct 2020 | Removal date: open ended

Price stabilisation

On 14 October 2020, the Secretarñia of Energy of Argentina adopted Resolution 5/2020 increasing the price of biodiesel that oil companies have to pay to local producers.

The new price was increased from ARS 44,121 per tonne to ARS 48,533 per tonne (USD 569.99 to USD 626.98 at the time of the new regulation). The previously applicable prices were established via Disposition 323/2019 (please, see related state acts).

Due to the compulsory requirement to use at least 10% of biodiesel in fuel blends locally produced imposed via Resolution 390/2014, this increase in the prices of biodiesel suggests that this intervention is intended as price support to domestic biodiesel producers (see related state acts).

Resolution 5/2020 entered into force on 15 October 2020. 

AFFECTED COUNTRIES

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