ANNOUNCEMENT 27 Sep 2019
The Argentine Government has increased the price of the bioethanol used in fuel blendings of automobiles.
NUMBER OF INTERVENTIONS
InfoLeg. Ministerio de Hacienda. Subsecretaría de Hidrocarburos y Combustibles. Disposición 237/2019. Available at: http://servicios.infoleg.gob.ar/infolegInternet/anexos/325000-329999/329181/norma.htm
InfoLeg. Ministerio de Hacienda. Subsecretaría de Hidrocarburos y Combustibles. Disposición 149/2019. Available at: http://servicios.infoleg.gob.ar/infolegInternet/anexos/325000-329999/326143/norma.htm
On 27 September 2019, the Finance Ministry of Argentina has adopted Disposition 237/2019 increasing the price of sugarcane-based and maize-based ethanol used in fuel blendings for automobiles. The new prices have increased from ARS 25.663 per litre (USD 0.45 at the time of the announcement) to ARS 27.203 (USD 0.47 at the time of the announcement) and from ARS 23.241 per litre (USD 0.41 at the time of the announcement) to ARS 24.635 (USD 0.43 at the time of the announcement) 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 prices apply as of 1 October 2019.