Wholesale price of 154.0 c/L for fuel ethanol from 1 September 2024
IPART has determined a reasonable wholesale price for fuel ethanol starting from 1 September 2024 of 154.0 cents per litre (excluding GST). This is down from 161.9 cents in March 2024.
We set the ethanol price based on what it would cost retailers if they bought wholesale ethanol from overseas. It is based on a 9-month average of weekly import parity price estimates based on the lowest cost origin for ethanol from either the US or Brazil.
The September 2024 determined price of 154.0 cents per litre is 7.9 cents or 5% lower than for the previous period. The fall in the price in September is mainly due to a significant reduction in the mill-gate price.