RIO DE JANEIRO, Jan 12 (Reuters) - Brazil fuel sales fell 3 percent in 2015 compared with 2014, the country’s fuel distributors’ association Sindicom said in a statement on Tuesday.
The decline was led by gasoline, which fell 8.6 percent, as Brazil’s economy accelerated into its worst recession in over a century and state-led oil company Petroleo Brasileiro SA , or Petrobras, raised fuel prices.
Some of the decline was made up by a 39.2 percent increase in hydrated ethanol sales volumes compared with the prior year. But based on energy content, total gasoline and equivalent ethanol fell 1.7 percent while diesel sales fell 5 percent. (Reporting by Jeb Blount and Marta Nogueira, editing by G Crosse)