During the last 30 months, the price of fuel alcohol has been falling steadily. The price of biofuel fell to $2,636 pesos.

Ethanol has helped drive down the price of gasoline. The price of fuel alcohol is set each month by the Ministry of Mines and Energy, based on a formula that involves different aspects such as the price of the raw material, the costs of agribusiness processes and the exchange rate, among others.

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