Brazil Q3 gasoline, diesel sales volumes rise year on year

14 November 2011 19:24  [Source: ICIS news]

PORTO ALEGRE, Brazil (ICIS)--Brazil's state-run oil producer Petrobras saw sales volumes for gasoline and diesel increase year on year in the third quarter of 2011, the company said on Monday.

Gasoline sales volumes were 488,000 bbl/day, up by 29% from 379,000 bbl/day in the 2010 third quarter.

The increase in gasoline sales reflected its competitiveness against ethanol as well as the growth of the Brazilian flexible-fuel-vehicles (FFV) fleet, according to a report by the finance and investor relations director for Petrobras, Almir Guilherme Barbassa.

Brazil's FFVs use hydrous ethanol as a stand-alone fuel as well as gasoline.

The report added that Petrobras will raise gasoline prices by 10%, effective as of 1 November, as a result of the weakening of the Brazilian real in the third quarter.

Third-quarter diesel sales were up by 10% to 946,000 bbl/day from 859,000 bbl/day in the third quarter of 2010.

The increase was the result of the growth in the Brazilian economy, in particular the agribusiness sector, according to the report.


By: Leo Siqueira
+1 713 525 2600



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index