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Brazil’s Ethanol Fleet Limits Gasoline Price Rise Amid Iran Conflict
Brazil's ethanol program limited gasoline price rise to 5% in March while diesel surged over 20%, due to ethanol's strong domestic production and dual-fuel vehicle use.
- As the Iran conflict rattles global oil markets, Brazil's massive dual-fuel fleet shields consumers from price shocks; gasoline prices rose just 5% in March compared to 30% in the United States.
- Tens of millions of drivers choose between filling their tank with 100% sugarcane-based ethanol or a gasoline blend containing 30% biofuel, reducing foreign oil dependency through a decades-old buffer against market shocks.
- Gasoline refined by state-run Petrobras is currently 46% cheaper than imported fuel, or $0.22 less per liter, though Brazil struggles with rising diesel prices due to reliance on imported crude oil.
- Evandro Gussi, president of the Brazilian Sugarcane Industry Association , noted the upcoming harvest will produce a record 30 billion liters of ethanol, drawing interest from India and Mexico seeking energy security models.
- President Luiz Inácio Lula da Silva proposed import subsidies through May to stabilize diesel prices and prevent truck driver strikes, while increasing biofuel percentages in diesel blends remains a goal by 2030.
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16 Articles
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Brazil's dual-fuel ethanol fleet stabilizes gasoline prices despite Iran war oil shock
Brazil is finding protection in a decades-old buffer against shocks that is both cheap and environmentally friendly as global oil markets tremble amid the escalating conflict in the Middle East.
·United States
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Associated Press News+13 Reposted by 13 other sources
Brazil’s dual-fuel ethanol fleet stabilizes gasoline prices despite Iran war oil shock
Brazil is finding protection in a decades-old buffer against shocks that is both cheap and environmentally friendly as global oil markets tremble amid the escalating conflict in the Middle East.
·United States
Read Full ArticleCoverage Details
Total News Sources16
Leaning Left9Leaning Right0Center6Last UpdatedBias Distribution60% Left
Bias Distribution
- 60% of the sources lean Left
60% Left
L 60%
C 40%
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