Argentina raises ethanol prices for oil refiners in June


Argentina's Energy Ministry authorized Tuesday an increase in ethanol prices for oil refiners to blend into gasoline in June from May.

Refiners must pay Peso 16.07/liter ($1.00/liter) for supplies of sugarcane-derived ethanol this month to meet a 12% blend requirement in gasoline, up 5% from Peso 15.305/liter in May, the ministry said.

The price of corn-based ethanol prices was raised 0.7% to Peso 12.942/liter in June from Peso 12.848/liter in May, it added.

The biggest oil refiner is state-run YPF, trailed by Axion Energy, Shell, Oil Combustibles and Pampa Energia.


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