ANP biodiesel auction negotiates 1.3 billion litres and moves $1.12 bn

The 78th biodiesel auction of the National Agency of Petroleum, Natural Gas and Biofuels (ANP) negotiated about 1.3 billion litres, in a volume that aims to meet the demands of March and April. As of March 1, the mandatory mixture of biodiesel in diesel in Brazil will be 13%, compared to 12% currently. The tender obtained an average price of R$ 4.708 ($0.856) per litre of biofuel, without considering the acquirer’s margin, which led to a turnover of R$6.15 billion ($1.12 bn), according to a statement by the ANP.

Source: Money Times