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Brazil raises mandatory ethanol blend in gasoline to 32% from 30%

Brazil's National Energy Policy Council, known as CNPE, on Tuesday approved temporarily raising the mandatory ethanol blend in gasoline to 32% from 30%, the Mines and Energy Ministry said in a statement.

The move, which will last 180 days and could be extended later for an equal period, had been expected by the end of the first half of the year, but a series of council meetings were postponed or suspended in recent weeks.

Brazil last increased the ethanol mix in gasoline to 30% from 27% in August last year.

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