24hoursworld

Energy increased the price of a key component for gasoline

Energy increased the price of a key component for gasoline

The previous value of sugar-based bioethanol was 92,699 pesos per liter, announced in this measure, while for corn-based biofuel it was 107,411 pesos per liter, according to data from the secretary in charge of Flavia Royón. The new prices will enter “into force from the day of their publication in the Official Gazette”said the resolution.

“The payment term for bioethanol made from sugar cane and corn may not exceed, in any case, 30 calendar days from the date of the corresponding invoice,” specified the measure.

It is worth remembering that the Ministry of Energy established a new price update mechanism that would be updated monthly. It was also clarified that the value will be tied to the Percentage change in the price at the pump of gasoline sold through YPF service stations. In the last 12 months, the accumulated price adjustment of gasoline was 44% and that of diesel oil was 60%, and a new rise this month is not ruled out.

Based on this point, the secretariat learned that as of On October 1, 2022 there was a variation in gasoline prices. This increase reached grade 2 and grade 3 fuel marketed through service stations.

Currently, the gasoline has a cut of 12% with biofuels. It is made up of 6% bioethanol from sugar cane and 6% bioethanol from corn.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts