Argentina increases ethanol prices for both cane and corn-based fuel

In Argentina, Reuters reports the government on Tuesday raised the price of bioethanol for the domestic market, both that made from sugar cane and corn, which is used for a mandatory mixture with gasoline, according to a resolution published in the Official Gazette.

According to the Secretary of Energy of the Ministry of Economy, the new price of biofuel will be 65,420 pesos per liter (about 0.62 dollars), from a previous value of 59,350 pesos per liter.

The new value “will govern operations carried out as of February 2, 2022 and will be valid until the publication of a new price that replaces it,” the communication highlighted.

In the midst of high inflation that afflicts the country -50.9% in 2021-, the values ​​of biofuels from one of the world’s largest producers of biodiesel are updated periodically.