Brazil’s diesel demand is expected to grow 4.4% in 2021, driven mainly by the transport of agricultural commodities and domestic items, S&P Global Platts Analytics says. The entity estimates that diesel demand in Brazil has remained resilient even with the pandemic scenario in 2020. In March 2021, when important regions were blocked, such as the state of São Paulo, fuel demand was still expressive, and reached an increase of 16.3% (more 158 thousand barrels per day). To meet the growing diesel demand, Platts Analytics says Brazil should increase domestic production or imports, or else take both initiatives amid an uncertain scenario and risks of new waves of infection.
Source: S&P Global Platts (*Translated by Ia Niani)