Brazil’s gasoline imports in the first half of the year increased by 112% compared to the same time in 2022, reaching 2.45 billion liters despite strong domestic demand caused by the competitive advantage fossil fuel has over hydrous ethanol at gas stations. According to figures from the Foreign Trade Secretariat (Secex) released on Friday, Brazil imported 441 million liters of gasoline in June, up 192% over the same month a year prior. Distributors’ sales of C gasoline (a blend of anhydrous ethanol) increased to 4.17 billion liters in May from 3.4 billion liters in the same month the previous year, a 16.3% increase from January to May, totaling 19.29 billion liters.
Source: Reuters (*Translated by Ia Niani)