Petrobras to Boost Gasoline Imports by a Third, Folha Reports

Petroleo Brasileiro SA (PETR4) will boost gasoline imports by about a third to 80,000 barrels a day this year amid rising demand in Brazil, Folha de S. Paulo reported, citing company Refining Director Paulo Roberto Costa.

Gasoline consumption in Brazil rose 36 percent in January compared with last year, Folha said. Petrobras imported about 60,000 barrels of gasoline per day in 2011 and 9,000 barrels a day in 2010, the Sao Paulo-based newspaper said.

To contact the reporter on this story: Juan Pablo Spinetto in Rio de Janeiro at jspinetto@bloomberg.net

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net

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