April 12, 2016 / 6:52 PM / 2 years ago

Brazil diesel exports more than triple in March vs year earlier

RIO DE JANEIRO, April 12 (Reuters) - Brazilian exports of diesel fuel more than tripled in March compared with a year earlier to 434,429 barrels, the largest monthly amount since June 2014, according to Brazil’s oil and gas regulator ANP.

Brazil exported 132,027 barrels of diesel in March 2015.

Petrobras, responsible for nearly all of Brazil’s vehicle fuels exports, has been increasing foreign sales as the country’s deepest recession in decades reduces local demand.

Exports were driven by a large export of diesel to Argentina, as reported by Reuters on Monday.

Gasoline exports in March rose 44 percent compared with the previous March, to 60,500 barrels, the ANP said. (Reporting by Marta Nogueira, Writing by Jeb Blount; Editing by Diane Craft)

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