Brazil’s gasoline imports to rise, gov’t report says

EFE, Fox News, 08/26/2012

Brazil’s gasoline imports will rise a minimum of 354 percent by 2020 due to falling sugar-cane ethanol production, the press reported Sunday, citing a government study.

The study, which was prepared at the request of President Dilma Rousseff, outlines three scenarios for the fuel market over the next eight years.

The most optimistic scenario shows Brazil’s gasoline imports rising from the current level of 221,365 cubic meters per month to 1 million cubic meters per month by 2020.

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