ANNOUNCEMENT 31 May 2019
The Government of Argentina has increased the price of biodiesel purchased by oil companies from local producers.
NUMBER OF INTERVENTIONS
InfoLeg. Ministerio de Hacienda. Subsecretaría de Hidrocarburos y Combustibles. Disposición 82/2019. Available at: http://servicios.infoleg.gob.ar/infolegInternet/anexos/320000-324999/323766/norma.htm
InfoLeg. Ministerio de Hacienda. Subsecretaría de Hidrocarburos y Combustibles. Disposición 36/2019. Available at: http://servicios.infoleg.gob.ar/infolegInternet/anexos/320000-324999/323020/norma.htm
On 31 May 2019, the Finance Ministry of Argentina has adopted Disposition 82/2019 increasing the price of biodiesel that oil companies have to pay to local producers.
The new price has been increased from ARS 29,739 (USD 661.22 at the time of the announcement) to ARS 30,482 (USD 677.74 at the time of the announcement) per tonne.
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 a price support to domestic biodiesel producers.
The new legislation has entered into force on 1 June 2019.