Brazilian biodiesel sales process updated to prevent price collusion

May 14, 2012 |

In Brazil, the process for biodiesel sales has been revamped after regulators found evidence of collusion to keep prices high amongst competitors. Under the previous system, contracts to supply biodiesel were signed with Petrobras, the state-controlled oil giant, and didn’t differentiate producers on the basis of the quality of their products. The new model may lead to a decline in prices over time, said Marco Antonio Martins Almeida, secretary of petroleum, natural gas, and biofuels.

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Category: International

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