CEO talks about future of the fuel market

This past Tuesday (1st), the CEO of Ipiranga, Marcelo Araújo, participated in backstage Rio Oil & Gas 2020 and spoke optimistically about the future of the Brazilian fuel market. 

The sector, which has fallen 70% this year as a result of the covid-19 pandemic, has been improving from the second quarter to the current quarter. One example is diesel, which already reaches 2019 marketing levels.

"In 2021, this recovery path should continue and the volume of fuels in the Brazilian market is expected to exceed that of 2019. The impact was a two-year lag in fuel demand growth, which is recovering in the coming years," he said.

The executive also stated that the demand for new investments in fuel infrastructure is estimated between R$ 80 billion and R$ 100 billion over the next ten years.

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