The reference price was R$2.36 ($0.97) per litre and the average price for 315—804 million litres up for sale was R$2.15 ($0.89).
The lowest price came in at R$1.70 ($0.70). Of 36 refineries participating, 26 were able to sell their product.
Brazil mandates a 3% blend of biodiesel in regular diesel and the ministry of mining and energy is considering increasing that to 4% this year, ahead of plans to bump it to 5% in 2013.
“The
