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EPE publishes April 2024 Brazil’s Short-Term Fuel Market Outlook

​Brazilian liquid fuel demand will grow in 2024. EPE forecasts an increment of 1.3%, or 2 billion liters, for 2024, after three consecutive years growing more than 4% per year, which represents an average annual increase of 6.4 billion liters between 2021 and 2023. 

A record seasonal demand for diesel oil was observed in the first two months of 2024, caused by the delay in soybean exports. However, the remainder of the semester should be impacted by a smaller 2023/24 harvest than last year. 

Consumption of Otto cycle fuels continues at high levels, with hydrous ethanol increasing its share, due to the more favorable price relationship when compared to C gasoline. 

Click here and read the April 2024 edition.


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