AreaArgentina

Commodity GroupBiofuels

CommodityBiodiesel

Date18/09/2018

Policy CategoryRenewable energy

Policy InstrumentBiofuel policy

DescriptionImplemented three successive increases in the price that oil companies are required to pay for biodiesel.

NotesDuring the August–September period, the government-set price that oil companies need to pay for biodiesel has been raised thrice, reaching ARS 26 509 (USD 725) per tonne as of 10 September 2018. Reportedly, the adjustments were triggered by the recent changes in the Argentina’s export tax for soybean oil, the country’s main biodiesel feedstock.