The Brazilian Agency of Petroleum, Natural Gas and Biofuels, or ANP, announced Friday that 696.8 million litres of biodiesel were sold at its 44th biodiesel auction.
The average price was BRL 2.162 (USD 0.62/EUR 0.56) per litre or BRL 1.5 billion in total, reflecting an average discount of 17.83% when compared to the average maximum reference price of BRL 2.632 per litre.
All biodiesel sold had the government Social Fuel Seal, given to the producers that promote the social inclusion of the family farmers.
At the auction, 35 producers offered a total volume of 850.727 million litres, of which 99.71% had the Social Fuel Seal.
The biodiesel tenders are designed to meet the legal requirement for at least 7% blend of biodiese to diesel oil sold at the pump station.
The 44th Biodiesel Auction will ensure the biofuel supply in the domestic market during the period from September to October 2015.