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Petrobras Informs New Records of Gasoline & Jet Fuel Sales

Source: www.gulfoilandgas.com 1/12/2011, Location: South America

Petrobras informs that new historical records of gasoline and Jet Fuel sales were registered in December 2010. A new historical record for Petrobras gasoline sales was registered last December which totaled 1,966 thousand m³ (399 thousand bpd). This volume exceeds the previous record sales of March 2010 on 50 thousand m³, when the anhydrous alcohol percentage added to the gasoline was reduced from 25% to 20%.

The seasonality of the month and the price hike of hydrated ethanol since mid June, which made gasoline the fuel of choice for flex-fuel vehicle owners in the vast majority of the states in Brazil, contributed for this accomplishment.

In 2010, Petrobras registered a 17.8% increase in gasoline sales in relation to 2009, reinforcing the importance of the Company’s role as the main fuel supplier for the fleet of vehicles.

The outlook for the coming months indicate the maintenance of the sales level, based on the larger fleet of light vehicles incorporated throughout 2010 in the Brazilian market (3.3 million vehicles sold) and of the period between harvests for sugar cane.

Jet Fuel sales for Petrobras last December totaled 585,450 m³ (119 thousand bpd). This volume represents a 4.9% increase in relation to the previous record, registered in July 2010, the volume of which was 557,860 m³ (117 thousand bpd).

In 2010, there was a 16.6% increase in the national Jet Fuel market in relation to 2009, a reflection of the growth in the Brazilian economy. The aviation market continues to grow contributing with the maintenance of high sales volumes.

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