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Argentina Sets September Biofuel Prices With 4% Increase

Producers say the new biodiesel level of $1,408,687 per ton lags dollar‑based costs, prompting a request to meet Economy Minister Luis Caputo.

Overview

  • The Secretaría de Energía formalized the update in Resolutions 368 and 369, fixing biodiesel at $1,408,687 per ton and bioethanol at $857 and $785.46 per liter for cane and maize, respectively.
  • Industry chambers calculate a required biodiesel price of $1,543,663 per ton, arguing the government used a lower average exchange rate that adds a US$94 per ton shortfall after recent currency moves.
  • Sector groups report about 15 months selling below cost, citing US$78.8 million in lost income and US$45.5 million in operating losses that they say threaten plants and jobs.
  • Manufacturers demanded timely publication of monthly prices in an intimation letter with a 48 business‑hour deadline and signaled potential legal action over prices they consider below cost.
  • Because biocombustibles are used in mandatory blends under Law 27.640, the September adjustment could lift gasoline and diesel pump prices in October.