Argentina to increase biodiesel prices by 4% monthly between December and March

November 30, 2022 |

In Argentina, the Clarin newspaper reports the Ministry of Energy arranged to update the purchase price of biodiesel by 4% per month between December and March, in line with the ceiling of the same percentage that fuels will have.

The measure, provided through Resolution 791/2022 published today in the Official Gazette, sets a retroactive increase of 10% to November 15 and, then, staggered increases of 4% per month between December and next March for the acquisition of biodiesel intended for its obligatory mixture of diesel.

In this way, the value will increase from the AR$220,000 a ton set last September to AR$242,000. Then, from December, the price will increase, at a rate of 4% per month, until it reaches AR$283,107 next March.

Category: Fuels

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