The norm establishes an increase of 11.03% in the acquisition price of the ton of biodiesel destined for its obligatory mixture with diesel, taking it from $198,143 to $220,000 for the operations corresponding to this month of September, although it is clarified that, in the case of If there is no new decree at the end of the month, the current value will be valid until the publication of a new price that replaces it.
Previously, a staggered increase of 38.3% had been arranged, which was implemented between the months of April and August.
Before its expiration and “by virtue of the consensus that arises from the presentation made” by “the representatives of the majority of the biodiesel manufacturing companies in the sector”, the Secretary ordered the new increase today.
Analogously, increases of 9.53% and 13.15% were established for the acquisition prices of a liter of bioethanol made from sugar cane and made from corn, intended for mandatory mixtures with naphtha.
In this way, the value of both increases from $80,561 (sugarcane-based bioethanol) and $94.93 (corn-based bioethanol) to $88,240 and $107,411, respectively; and both values are valid for the operations carried out from last August 21 and until “the publication of a new price that replaces it.”
During the year, cane-based bioethanol received authorizations for increases in February, April and May, accumulating a rise of 45.94% so far this year; while the last staggered increase in corn-based bioethanol in April was 41.92%.
In August 2021, the Government put into effect the new Regulatory Framework for Biofuels, which will be in force until 2030 based on Law 27,640, which established new parameters for mandatory cuts in gasoline and diesel, and created the Special Commission for the development of the sector.
Through it, a mandatory minimum cut of 12% of bioethanol was established, and an eventual reduction to 9% with gasoline.
In the case of fuel made from sugarcane, the volumes must be 6% of the minimum mandatory mixture, the same percentage for corn-based bioethanol.
Extension
Regarding biodiesel, today the extension for another 60 days of the “Additional Transitory Mandatory Court Regime for Biodiesel” (Cotab) aimed at increasing the supply capacity of grade 2 and 3 diesel oil was formalized, a measure that was announced two weeks ago by Royón and that it was a request from the entities of the agrarian sector.
The measure originally ordered last June- established a permanent increase in the cut of biodiesel with diesel from 5% to 7.5% with the aim of increasing the supply of fuel in the face of shortages at that time and high prices.; while provisionally increasing the cut by an extra five percentage points to 12.5%.
With the new 60-day extension, taken in view of “the persistence of the factors that caused the disproportionate increase in the international price of diesel and its shortage at the international level” and the need to “maintain a level of energy costs with the development of the productive sector and services,” it was decided “to continue with the policy of decoupling international prices from domestic prices” and extend the 12.5% cut, which will now be in force until October 16.
Source: Ambito
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