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Fuel gas sales in Brazil fall for 2nd consecutive year in 2016


Petroleumworld.com 01 17 2017

Fuel sales in Brazil fell for the second consecutive year in 2016, the country's fuel distributors' association Sindicom said in a note on Monday.

Total fuel sales from companies that make up Sindicom fell to 91.8 billion liters (24.3 billion gallons), a drop of 9.3 percent compared with the previous year.

Sindicom accounts for 80 percent of Brazil's fuel sales.

Gasoline sales rose 0.7 percent to around 30.4 billion liters, but that rise was outweighed by a dramatic 26.8 percent fall in sales of hydrated ethanol.

In 2015, fuel sales fell 3.4 percent in what was then the first annual fall since 2005.

Story reporting by Marta Nogueira; Editing by Marguerita Choy from Reuters.

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