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Ethanol up 18% in March, while gasoline posts 12% increase and nears R$6 a liter

RIO DE JANEIRO, BRAZIL - In March, there was a double-digit increase in the price of fuels most used in automobiles at service stations. According to the Ticket Log Price Index (IPTL), ethanol had a 17.97% increase last month in relation to February, reaching the average price of R$4.599 per liter. Gasoline rose 12.06%, to R$5.717.

The survey conducted in the first half of March found that ethanol had surpassed the R$4.00 mark. By the end of the month, the fuel was found at the highest average price in the South Region . . .

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