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Fuel shortage ruled out in Brazil despite reduced supply

RIO DE JANEIRO, BRAZIL - "There is no indication of a shortage in the national fuel market at this time," ANP said in a statement released on Tuesday, in reaction to concerns that Petrobras' supply may be insufficient to meet distributors' demand.

The regulator added that it "will continue to monitor the supply chain" and "will take the required measures to mitigate distortions and reduce risks, if necessary."

Petrobras, Brazil's largest company and responsible for a large part of the fuel consumed in the country, on Monday acknowledged in a statement that the gasoline and diesel orders it received from . . .

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