Brazil’s government announces rise in ethanol blending to 25%

In Brazil, the government announced a rise in the ethanol blending at pumps from 20% to 25% as of May 1st. The announcement, published in the Union Diary, came after the government reduced the blending requirement from 25% to 20% in 2011. Petrobras stands to benefit after announcing refinery price increases of 6.6% for gasoline.

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