Arnaldo Galvao – Bloomberg, 8/16/2012
Brazil is considering an increase this year in the amount of ethanol added to gasoline, Energy Minister Edison Lobao said, a move that could boost Petroleo Brasileiro SA’s (PETR4) earnings.
The government is reviewing supplies of the biofuel to determine if the measure can be implemented, Lobao said yesterday.
“We are working with the possibility of increasing the mix this year, at the end of the year,” Lobao told reporters in Sao Paulo. “We are in talks with producers and if they can give solid guarantees of supply we have all the interest in increasing the mix.”
