The government of Argentina has increased the price of biodiesel fuel for its mandatory blending with diesel fuel in the domestic market, according to a decree published in the official gazette on Monday.
The Ministry of Energy set the minimum purchase price for biodiesel fuel at 1,590,832 pesos (US$1,066.2) per ton, which is higher than the previous price of 1,508,704 pesos.
Argentina is a major producer of biofuels, particularly biodiesel, and regularly increases prices for the domestic market.
The new prices come into effect from the date of their publication in the official gazette, the government reported.
(1 US dollar = 1,492 pesos)