-- Brazil plans to raise ethanol in gasoline to 32% in the coming days while also signaling a higher biodiesel blend, President Luiz Inacio Lula da Silva said Thursday, Reuters reported.
Brazil will increase the gasoline-ethanol blend to 32% from 30% and raise the biodiesel blend to 16% from 15% after additional testing, the report noted.
The Energy and Mines Ministry will review the proposal on May 7 and expects the higher ethanol mix to support Brazil's push toward gasoline self-sufficiency, the report said.
Authorities will conduct further testing before increasing the biodiesel blend to 16% from 15%, according to the report.
has reached out to Brazil's Energy and Mines Ministry for any comments.
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