Argentina raises ethanol prices for oil refiners in October

05.10.2017

Argentina's Energy Ministry Wednesday authorized a 0.4% month-on-month increase in sugarcane-based ethanol prices for oil refiners to blend into gasoline in October and a 0.1% hike in corn ethanol prices over the same period.

Refiners must pay Pesos 16.873/liter (97.2 US cents/liter) for supplies of sugarcane-derived ethanol this month to meet a 12% blend requirement in gasoline, the ministry said.

The price of corn-based ethanol was raised to Pesos 13.623/liter, it added.

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


platts

Readers choice: TOP-5 articles of the month by UkrAgroConsult