StoneX maintained its forecast that demand for Otto cycle fuels will reach a record 60.8 million cubic meters in 2025, led by a 4.4% rise in gasoline C sales and a 4.8% drop in hydrous ethanol. Gasoline remains competitive at the pump, sustaining strong demand, while ethanol consumption weakens amid higher prices and reduced supply. For 2026, StoneX projects slower fuel demand growth of 1.5% to 61.7 billion liters, with gasoline C sales stabilizing and hydrous ethanol consumption recovering due to improved supply—especially from corn ethanol, expected to rise 26%. The consultancy attributes the moderation to weaker labor and confidence indicators.
Source: Nova Cana
