Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Brazil Said to Consider Increased Ethanol Mix in Fuel

Brazil is considering a request by Petroleo Brasileiro SA, the country’s state-owned oil company, to increase the amount of ethanol added to gasoline, said two government officials with knowledge of the discussions.

Authorities are reviewing ethanol supplies in the South American country to determine if there is enough to proceed with the measure, which would help reduce imports and boost Petrobras’s earnings, said the officials, who asked not to be identified as the matter is not public.

Brazil lowered ethanol levels in gasoline in August because low stocks were pushing up fuel prices, which is no longer the case, said Adriano Pires, head of the Brazilian Center for Infrastructure.

“The impact on gas prices would be zero,” Pires said by telephone from Rio de Janeiro. “The most important thing is that this would reduce Petrobras’s gasoline imports.”

Petrobras incurred losses of about 750 million reais ($361 million) from fuel imports this year, Pires said. Increased ethanol levels could cut gas imports by 40 percent, he said.

The state-owned company hasn’t asked for an increase, Miriam Guaraciaba, a Petrobras spokeswoman, said by telephone from Rio de Janeiro. Spokesmen at the energy ministry and the finance ministry weren’t immediately available to comment.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.