Brazil fuel, lubricant imports surge 57% in July

RIO DE JANEIRO (Reuters) — Brazil's fuel and lubricant imports shot up 57.3% in July from the same month in 2016 to $1.522 B, government data showed on Tuesday.

Gasoline imports rose 9.3% to $115 MM, the trade ministry data showed.

The rise came after Petroleo Brasileiro made its diesel and gasoline pricing scheme more flexible in June in an effort to regain market share lost to other companies that were boosting imports to Brazil.

Reporting by Marta Nogueira; Editing by Sandra Maler

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