Overview
- The Energy Secretariat set new minimum prices via resolutions 611/2025 and 612/2025 published in the Official Gazette on January 2.
- Minimum purchase prices rose about 1.27–1.30% to $976.457 per liter for sugarcane bioethanol, $894.949 per liter for corn bioethanol, and $1,797,881 per tonne for biodiesel.
- Resolution 612/2025 reinstated the mandatory biodiesel blend in gasoil to 7.5% after a temporary reduction to 7% in November aimed at easing costs tied to soybean oil.
- The government applied a partial update to the liquid fuels tax (ICL) and the CO2 tax (IDC), with estimated increases of $17.29 per liter for gasoline and $14.39 for diesel from ICL and $1.059 and $1.640 per liter respectively from IDC.
- Outlets citing consultants report the biofuel adjustments run below expected inflation and coincide with low Brent crude prices, suggesting limited near-term pass-through to retail fuel prices.