ANNOUNCEMENT 28 Dec 2018
The Government of Argentina has changed the price of the bioethanol used in the minimum compulsory biodiesel percentage of oil blends in automobile fuels.
NUMBER OF INTERVENTIONS
InfoLeg. Ministerio de Hacienda. Secretaría de Gobierno de Energía. Resolución 367/2018. Available at: http://servicios.infoleg.gob.ar/infolegInternet/anexos/315000-319999/318290/norma.htm
InfoLeg. Ministerio de Hacienda. Secretaría de Gobierno de Energía. Resolución 106/2018. Available at: http://servicios.infoleg.gob.ar/infolegInternet/anexos/315000-319999/316409/norma.htm
On 28 December 2018, the Ministry of Treasury of Argentina has adopted Resolution 367/2018 increasing the price of sugarcane-based and maize-based ethanol used in blending automobile fuels. The new prices have increased from 21.274 (USD 0.56) to ARS 22.226 (USD 0.59) per litre, and from ARS 19.846 (USD 0.52) to ARS 20.218 (USD 0.53) per litre respectively.
Due to a local content requirement imposed via Decree 543/2016 (please, see related state acts), the changes in the prices of bioethanol that are compulsorily included in automobile fuels produced in Argentina, suggests that this type of interventions are intended as a price support to domestic ethanol producers.
The new legislation has a retroactive character and the new prices apply to all purchases made from 1 January 2019.