Brazil’s Petrobras expects stable fuel imports in Q2 on biofuel use

Brazilian state-led oil company Petrobras expects second-quarter fuel imports to stabilize at first-quarter levels due to greater use of biofuels, the company’s downstream director said. Petrobras expects to import about 150,000 b/d of gasoline and about 50,000 b/d of diesel in Q2, Jorge Celestino Ramos said during the release of the company’s Q1 earnings. In Q1, imports of oil products fell 19% on the year to 345,000 b/d, Petrobras said.»