DIESEL SALES IN BRAZIL ROSE 3.4% UP TO NOVEMBER 2023

Sales of diesel B by distributors in Brazil amounted to 60.16 billion liters from January to November 2023, a 3.4% increase compared to the same period in 2022. This is on track to set a third consecutive annual record. According to Bruno Cordeiro, a market analyst at the StoneX consultancy, the increase in demand for trucks to transport inputs to agricultural fields has led to an increase in the shipment of agricultural products to both the domestic market and ports for export. By the end of the year, the consultancy estimates the total demand for diesel B in the country to be 65.1 billion liters, which is almost a 3% increase compared to the previous record of 63.23 billion liters recorded in 2022.

Source: Reuters (*Translated by Ia Niani)