Clipping of news on Brazilian Culture, Law and Citizenship
25/10/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Blend of ethanol in gasoline from 20% to 25% by the end of June 2013
São Paulo - Brazil will raise the ethanol blend in gasoline to 25 percent from the current 20 percent, by the end of June next year, the regulator said fuel the country on Wednesday.
Brazil reduced the amount of ethanol in gasoline to 20 percent in October 2011 due to a shortage of biofuel and an increase in price.
The scenario, however, is improving for the cane industry, which should be able to meet the higher demand, said Allan Kardec, director of the National Petroleum Agency (ANP).
"The increase has been agreed," said Kardec on Tuesday at an event in Rio de Janeiro, according to The Associated Press. "It will occur in May or June of next year."
A spokesperson for the NPA confirmed the veracity of Kardec's comments on Wednesday.
The government and the ethanol industry are in negotiations for months to determine whether there is enough biofuel market to raise the requirement to blend without pushing fuel prices and spurring inflation.
Petrobras supports increasing the amount of ethanol in gasoline, it could reduce the volume that matters.
The state gasoline purchased abroad at lower prices than it sells domestically.
Source: News Agency
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This article was translated by an automatic translation system, and was therefore not reviewed by people.