Overview
- The Energy Secretariat formalized December increases of about 5% for mandated biofuels, setting biodiesel at $1,775,230 per ton and bioethanol at $963,926 (cane) and $883,464 (maize) per liter.
- A government decree partially updated the liquid fuels and carbon dioxide taxes, adding another upward cost component for gasoline and diesel.
- Retailers raised pump prices at the start of the month—YPF applied an average 2.1% increase, with Super gasoline up 3.6%—while other brands also adjusted.
- In on-the-ground checks, premium gasoline neared or topped 2,000 pesos per liter at some Shell and Axion stations, with lower but rising prices at YPF.
- Final prices continue to vary widely by city and station due to logistics and local levies, and market watchers say any further increases will depend on how much cost is passed through.