Petrobras CEO supports higher ethanol blend

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The president of Petrobras, Graça Foster, said yesterday in Sao Paulo that she is favorable to the return of the mixture of 25% anhydrous ethanol in gasoline and that she wishes the government announces it in 2013. During the meeting of the Business Leaders Group (Cope), the CEO reported that ethanol is the priority of Petrobras Fuel. “Ethanol is a solution for Brazil, which has the face of ethanol,” she emphasized.

She said she is one of the great supporters for the return of the blend as soon as possible, not only solving the problems of those who sell just ethanol, but also helping to solve the equation of fuel pricing.

Foster said that Petrobras will not fail fuel and denied a possible dispute between Petrobras and the federal government on the issue of gas prices. “There is not a date, today, for us to increase the price of gasoline,” she said.

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