In four Brazilian states, ethanol remained more competitive than gasoline last week: Goiás, Mato Grosso, Minas Gerais and São Paulo. This is what a survey by the National Agency for Petroleum, Natural Gas and Biofuels (ANP) shows, compiled by AE-Taxas. The criteria consider that ethanol from sugarcane or corn, due to its lower calorific value, has a price limit of 70% of the petroleum derivative at service stations to be considered advantageous.
In Goiás, the parity is 65.72%; in Mato Grosso, 69.14%; in Minas Gerais, 68.57%, and in São Paulo, 67.88%.
In the average of the stations surveyed in the country, ethanol has a parity of 69.02% compared to gasoline, therefore more favorable than the petroleum derivative.
Industry executives claim that ethanol can be competitive with parity greater than 70%, depending on the vehicle in which the biofuel is used.