Argentina raises biodiesel prices, export taxesStaff writer ▼ | February 17, 2016
Argentina's Energy Ministry said Tuesday it had raised biodiesel export taxes to 3.89% and increased domestic prices by 5%, effective retroactively from February 1.
Energy source Oil refiners must pay for biodiesel supplies
The ministry also said it raised the prices oil refiners must pay for biodiesel supplies to meet a 10% blend requirement in diesel, depending on the supplier of the biodiesel supplies.
For supplies from large integrated producers, the price was increased to Pesos 7,977.64/mt ($539.61/mt), or 5.4% more than the Pesos 7,572.07/mt in January.
For output from nonintegrated large producers, the price was raised 5.2% to Pesos 9,194.18/mt from Pesos 8,735.98/mt over the same period, while the prices small and medium producers can charge were increased by the same percentage to Pesos 10,225.80-10,367.40/mt compared with Pesos 9,721-9,855/mt in January, the department said.
The increases come after a 50% depreciation of the peso against the dollar since December 16. ■