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Argentina raises biofuel prices for domestic market

The Argentine government raised biofuel prices for the domestic market, according to two resolutions published in the official gazette.

The energy secretariat set a minimum price for sugarcane-based bioethanol at 824,044 pesos per liter ($0.62), up from the previous price of 800.043 pesos.

Meanwhile, the minimum price for corn-based bioethanol rose to 755,258 pesos per liter ($0.57) from 733.26 pesos.

The price of biodiesel intended for mandatory blending with diesel was set at a minimum of 1,354,507 pesos per ton ($1.021), up from 1,302,411 pesos.

The prices will be in effect for transactions made during August and until new prices are published, the government said.

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