In Brazil, Platts reports that the ANP fuels agency says that hydrous ethanol was at its most competitive against gasoline in eight years the week of July 8 at around 71 cents per liter, making it 60.31% of the price of gasoline at the pump, compared with 60.81% the week prior. During the first half of July, Petrobras raised the price of gasoline by 2.5% that helped to make ethanol even more competitive at the pump.
Category: Fuels