The oil union, which also brings together employees from the oil industry biodiesel, announced this afternoon that they will in a state of alert and ask the authorities “comply with what the law regulates based on Resolution 963/2023, through which said price must be set.”
According to FaSiPeGyBio, production costs “are above the price of biodiesel and, if it is not urgently updated, it will begin a paralysis throughout the industry”. This situation will undoubtedly “affect the supply of biofuel in several regions of the country, mainly in the province of Buenos Aires.”
If the change in fuel values does not materialize, biodiesel workers “already affected by the economic crisiswe will not hesitate to start mobilizations in demand of, neither more nor less, what the law establishes”, they affirm from the federation.
“Government entities must ensure current regulations,” they claim from FaSiPeGyBio. And they demand “a predictable legal framework” that allows “to guarantee the functioning of regional economies and their productive investments.” “The biofuels industry has a lot of potential in Argentina and not complying with pre-established rules would have a harmful effect on the confidence of the sector,” they conclude.
The latest biodiesel update
In mid-September, the Government established new prices for biodiesel and bioethanol, based on corn and sugar cane, which must be necessarily mixed with fuels for domestic consumption, according to two resolutions published in the Official Gazette.
One of the publications of the Ministry of Energy, dependent on the Ministry of Economy, rose to $984,865 per ton (about 1,024.3 dollars) the minimum acquisition price of biodiesel intended for combination with diesel, from the previous $965,554.
Another official resolution reported that the value of bioethanol based on sugar cane was set at 657,416 pesos per liter (about $0.68), from the previous 644,525 pesos per liter, and said that the amount for bioethanol made from corn was modified to 602,545 pesos per liter (about $0.63). , from a previous value of 590,730 pesos.
The new amounts will govern “for operations to be carried out during the month of September 2024 and until the publication of a new price that replaces it”, confirmed both publications. The resolutions of the Ministry of Energy will come into force from the day of their publication.
Source: Ambito
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