By Bruno De Nicola, Contributing Reporter

RIO DE JANEIRO - The price of biofuel has risen by more than twelve percent over the past two months. A liter of alcohol, that had an average cost for fuelers of R$1.55 (US$ 0.80), now stands at around R$1.75. The strong rise is forcing drivers to ditch biofuel and opt for gasoline, despite its significantly higher price per liter (R$2.59).

The sudden change represents a unusual phenomenon in the history of Brazilian fuel. Since the advent of alcohol, its sales have always registered a positive trend: last . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here