EPE publishes July 2021 Brazil’s Short-Term Fuel Market Outlook

The Brazilian fuel market has been recovering gradually, although it remains under high levels of uncertainty related to the covid-19 pandemic. 

The resumption of economic activity has contributed to rising domestic fuel demand. Diesel sales from January to May 2021 were 11.5% higher compared to the same period in 2020. The strong performance of agriculture, with expectations of a record grain harvest, has driven the growth in diesel consumption in Brazil. 

Expectations of a decline in Brazil's 2021/22 sugarcane crop, due to water deficit in important producing regions, could impact ethanol market and, consequently, gasoline consumption. In the July 2021 Brazil's Short-Term Fuel Market Outlook, EPE estimates gasoline C sales in 2021 will exceed 2019 values. 

Brazil's Short-Term Fuel Market Outlook is a bimonthly report of EPE that presents projections for monthly sales of petroleum products and biofuels by distributors in Brazil. This publication aims to reduce information asymmetry, favoring decision-making in the energy sector. 

Click here and read the July 2021 edition.

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