Brazil: With the drop in gasoline prices, ethanol loses advantage in 151 cities

Brazilian states have started implementing a "competitive differential" in ethanol taxation; the effects should reach the pumps in one month.

Since the VAT ceiling was implemented, hydrous ethanol is no longer competitive in 151 municipalities. The data were compiled by Poder360 based on the weekly price survey conducted by the National Petroleum, Natural Gas, and Biofuels Agency (ANP).

In the week immediately before the cap was implemented, from June 19 to 25, it was worthwhile to fill up with alcohol in 46.3% of the 438 cities surveyed by ANP. Last week, from July 9 to 15, it was . . .

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