Wholesale price of 169.2 c/L for fuel ethanol from 1 September 2023

The Independent Pricing and Regulatory Tribunal (IPART) has determined a reasonable wholesale price for fuel ethanol from 1 September 2023 of 169.2 cents per litre.

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 2023 determined price of 169.2 cents per litre is 1.9 cents, or around 1%, higher than the determined price for the previous period of 167.4 cents per litre. This is mostly due to a small rise in the mill-gate price and fuel excise. Brazil was the lowest priced origin for wholesale ethanol for about 50% of the Import Parity Price averaging period, which is similar to the last pricing period.