2024-11-04 12:34:00
Los Biofuel prices updated this monday In the Official Gazette. This is a resolution from the Energy and Mining Coordination Secretariat on biodiesel, aiming to legally enforce blending with diesel, and another on bioethanol blended with gasoline.
The measure could lead to an adjustment in fuel prices at petrol stations, following an increase on Friday 1 November.
Biodiesel: Fuel Increase
With updates, lowest purchase price Biodiesel with mandatory blending with diesel remains at US$1,023,649 per ton. Operations between November 2024 and until new prices for replacement prices are published.
Government regulations stipulate that payment terms for biodiesel shall in no case exceed 7 calendar days from the date of the corresponding invoice.
bioethanol price
On the other hand, the minimum purchase price per liter Bioethanol made from sugar cane priced at $683,305. As for the purchase price Bioethanol made from cornEnergy sets new value $626,273.
Official documents stipulate that payment terms for bioethanol based on sugar cane and corn shall in no case exceed 30 calendar days from the date of the corresponding invoice.
Adding fuel: energy can intervene
Likewise, it clarifies the new The fixed price is the minimum Marketing activities in the domestic market must be carried out.
At the reading, people recalled that The Department of Energy has the authority to modify prices “Whether it is in the case where a discrepancy is found between the value generated by its implementation and the actual cost of manufacturing the product, or in the case where said prices may have distorted fossil fuel prices at their peak, the latter is important for the production of sugarcane and This is necessary for bioethanol made from corn, especially to price it in line with the above-mentioned needs.
An update on biofuel prices has put pressure on the fuel as price hikes and increases in the Levy on Liquids (ICL) and Carbon Dioxide Duty (IDC) come into effect on Friday.
In addition, the monthly depreciation of the U.S. dollar and changes in the price of Brent crude oil also have an impact.
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D3 RIN prices today
**Interview with Javier Martínez, Energy Economics Expert**
**Interviewer:** Good afternoon, Javier. Thank you for joining us today to discuss the recent changes in biodiesel pricing in Argentina.
**Javier Martínez:** Good afternoon! It’s a pleasure to be here.
**Interviewer:** Let’s dive right in. We’re seeing biodiesel prices soaring to over 940,000 Argentine pesos per metric ton as of February 2024. What factors are contributing to this significant increase?
**Javier Martínez:** There are several factors at play. Firstly, the global demand for biofuels has been rising, driven by shifts towards renewable energy sources. This, combined with local economic challenges such as inflation, has led to increased production costs. The government’s recent moves to legally enforce blending with diesel also signal strong support for biodiesel, pushing prices up further.
**Interviewer:** Interesting. The government has recently published new resolutions regarding biodiesel and bioethanol. How do these changes affect consumers and the overall fuel market?
**Javier Martínez:** These regulations essentially mandate a certain percentage of biodiesel in diesel fuel, which can affect pump prices. The adjustment of biodiesel prices can lead to an increase in fuel costs at petrol stations, as seen from the recent price hike announcement. For consumers, this means they may face higher prices at the pump in the near future.
**Interviewer:** The biodiesel minimum purchase price is established at over a million dollars per ton. How does this compare to bioethanol prices, and what implications might this have for producers and consumers?
**Javier Martínez:** Indeed, the minimum purchase price for biodiesel is set at $1,023,649 per ton, whereas bioethanol prices range from around $626,273 to $683,305 per liter depending on the source. This pricing disparity can potentially influence the production choices of biofuel manufacturers. If biodiesel remains significantly more expensive than bioethanol, some producers might pivot towards bioethanol production, which could further affect the market dynamics.
**Interviewer:** You mentioned that the Department of Energy has the authority to adjust prices. How crucial is this flexibility in managing the energy sector effectively?
**Javier Martínez:** That flexibility is vital. It allows the government to respond to fluctuations in production costs and market conditions. For instance, if biofuel prices rise too dramatically, it could distort the market and burden consumers. The ability to intervene helps ensure a balance, keeping both production viable for manufacturers and prices manageable for consumers.
**Interviewer:** As these changes unfold, what do you foresee in the future of Argentina’s biofuel market?
**Javier Martínez:** I anticipate that we will see a continued evolution in the biofuel market with further regulations and adjustments in pricing to reflect economic realities. The government will likely push for increased biofuel usage while navigating the challenges of balancing costs and demand. This can also accelerate innovation in the sector, promoting more efficient production practices.
**Interviewer:** Thank you, Javier. Your insights are invaluable, and we appreciate you shedding light on these developments in Argentina’s biodiesel market.
**Javier Martínez:** Thank you for having me. It’s been a pleasure to discuss these important issues.
