Strike-Hit Brazil Opens Fuel Stocks, Cuts Biofuels

Brazil, Business News/Analysis, Opinions, Policy

May 25, 2018

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(Argus Media) Brazilian oil regulator ANP is taking a series of extraordinary measures to replenish fuel supplies in the face of a crippling nationwide truckers´ strike.

The regulator opened emergency stocks of diesel, gasoline, LPG and jet fuel, and authorized retail fuel stations to access any available brand of supply.

It also reduced the required percentage of ethanol blended into gasoline from 27pc to 18pc and suspended a 10pc biodiesel blending mandate; suspended rules restricting exchange depots for LPG canisters; and authorized corporate clients to sell diesel stocks to service stations.

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Truckers´ union Abcam says it will only break the strike when Temer signs a law or issues a decree eliminating federal fuel taxes. Brazil’s senate will hold an extraordinary session later today when it is expected to vote on a fuel tax reduction proposal passed in the lower chamber yesterday. READ MORE

Brazil loosens biofuel laws as trucker strike paralyses country (ICIS)

UPDATE 1-Brazil watchdog lays out plan to raise competition in fuel market (Reuters)

Brazil sugar farmers, cane crushers to halt work due to trucker strike (Reuters)

Brazil fuel protests continue despite price cut (BBC)

UNICA: Truckers’ strike impacts ethanol production, sales (Ethanol Producer Magazine)

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