Argentina allows up to 15% ethanol blend into gasoline
Argentina’s government said on Friday it will allow local firms to voluntarily blend up to 15% ethanol into gasoline, in a bid to curb the impact from higher oil prices on local fuel costs.
“The measure aims to give the industry greater flexibility and to cushion any potential increases in pump fuel prices, protecting consumers,” the Energy Secretariat said in a statement.
Gasoline prices in the South American country rose more than 18% in March, according to analyst estimates, driven by the U.S.-Israel war on Iran and have climbed more than 60% year‑on‑year.
Argentina’s Energy Secretariat, which reports to the Ministry of Economy, increased the maximum permitted oxygen content in fuel to 5.6%, giving refiners flexibility to add more ethanol and use less gasoline in their fuel blends to help reduce overall costs.
It said that the resolution does not impose new requirements on refiners, or modify the mandatory bioethanol blend. It also does not introduce changes to the current biodiesel regime, that already allow blends of up to 20%.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Soybean meal exports from the US set a historic record in March
Mercosur Prepares for Launch of New Beef Export Quota to the EU
Ukrainian corn exports focused on markets with short logistics
Canada significantly increased canola exports to China after normalization of rela...
World Prices for Vegetable Oils Reach Highest Level Since July 2022
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon