Brazil Accelerates Ethanol Blend Increase After Fuel Price Rise
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Brazil plans to increase in May the amount of ethanol added to gasoline in a move that will help state-controlled Petroleo Brasileiro SA reduce fuel imports.
The amount of ethanol will rise to 25 percent from 20 percent, Energy Minister Edison Lobao told reporters in Brasilia today. He said earlier this month that the increase would take effect in June.