Biofuel Boom Shields Brazil from Global Oil Shocks

Brazil's dual-fuel fleet shields consumers from oil price spikes.
Gasoline prices rose 5% in Brazil vs. 30% in the U.S. in March.
Petrobras fuel is 46% cheaper than imported fuel, costing $0.22 less per liter.
Brazil produces 30 billion liters of ethanol, attracting interest from India and Mexico.
Lula proposes import subsidies to stabilize diesel prices and boost biofuel blends by 2030.

Energy | Environment | Economics

India | Mexico | Brazil

Luiz Inacio Lula da Silva | Evandro Gussi

1 week ago