02 December 2008 16:42 [Source: ICIS news]
Cepea assessed anhydrous ethanol at Brazilian reais (R) 0.8972/litre ($1.45/gal), down 2.1% from R0.9170/litre a week earlier.
Hydrous ethanol was assessed at R0.7387/litre, down 3.5% from R0.7654/litre in the previous week.
Brazil uses hydrous ethanol as a stand-alone fuel in flexible-fuel vehicles (FFVs), while anhydrous ethanol is blended in regular gasoline at 25%.
Cepea’s price assessments are ex-tank and do not include taxes.
($1 = R2.34)
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