Buenos Aires — Argentina's Energy Ministry Wednesday authorized a 0.4% month-on-month increase in sugarcane-based ethanol prices for oil refiners to blend into gasoline in October and a 0.1% hike in corn ethanol prices over the same period.
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Refiners must pay Pesos 16.873/liter (97.2 US cents/liter) for supplies of sugarcane-derived ethanol this month to meet a 12% blend requirement in gasoline, the ministry said.
The price of corn-based ethanol was raised to Pesos 13.623/liter, it added.
The biggest oil refiner is state-run YPF, trailed by Axion Energy, Shell, Oil Combustibles and Pampa Energia.
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