Clipping of news on Brazilian Culture, Law and Citizenship
10/2/2010
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Ethanol consumption did not resist the high prices and plunged in January. According to the Association of Distributors of Fuels and Lubricants (Sindicom), sales of fuel by the largest companies in the sector fell 25%, compared with January last year. If compared to December 2008, when consumption hit record, the drop is 40%. The change in the market has reversed the curve of rising prices of hydrated plants in Sao Paulo.
The drop in sales is a direct reflection of the soaring price of ethanol, which rose 11.06% in the first forecast in February, according to the Foundation Institute of Economic Research (Fipe) - in January had registered an increase of 12.93%. "Just last week, my distributor went over a rise of 10%," commented the president of the National Federation of Retail Fuels (Fecombustíveis), Paulo Miranda. The bombs, ethanol today is only competitive with gasoline in Mato Grosso, which is a major producer of fuel.
Even in Sao Paulo, the largest domestic producer, it's worth today use gasoline. "I have a flex-fuel car and only use gasoline for weeks," says the president of the Association of Retail Oil Products of Sao Paulo (Sincopetro), José Alberto Paiva Gouveia. Sales of ethanol in the state remain high, he says, but at a slower pace than seen last year. "There has been a full migration to gasoline," he said. The information is the newspaper O Estado de S. Paulo.
Source: Agência Estado
This article was translated by an automatic translation system, and was therefore not reviewed by people.