Ethanol supplies reached 3.43 billion liters so far in 2023, down 7.6% when compared to the 3.71 billion liters during the same time period in 2022. The decrease is 30.2% when compared to the 4.91 billion liters in 2021. In turn, gasoline’s market share keeps growing. Over 11.4 billion liters of fossil fuel were consumed, a rise of 15.6% annually. Thus, the quarterly consumption of Otto cycle fuels increased by 10.6% from the previous year to 13.85 billion liters of gasoline equivalent. The increase is 13.2% higher than in 2021.
Source: Nova Cana (*Translated by ia Niani)