National Oil Agency releases minimum anhydrous stock to meet fuel demand

The National Petroleum Agency (ANP) has just announced the release of a minimum anhydrous stock, due to the coronavirus pandemic, with its consequences for the economy and demand for fuels. The measure aims at better accommodation between supply and demand in the anhydrous ethanol market, as well as reducing regulatory costs that are disproportionate in the current scenario of sharp drop in demand for C gasoline and its worsening in the coming weeks. The agency informs the economic agents of fuel distribution, producers, producer cooperatives and companies that sell ethanol, that it will apply the provisions of §14, article 3, combined with §12, article 10 and with article 12 of ANP Resolution n ° 67/2011. Such regulations establish that the ANP may, in a motivated manner by the agent, due to the variation in demand in its operating market, in the event of unforeseen circumstances, force majeure or problems, approve inventories and contract lower than expected volumes of anhydrous ethanol in that resolution, without the economic agent suffering any type of administrative penalty.

Source: Jornal Cana