Tag: fuel

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Brazilian President Lula Ends Fuel Price Peg to the US Dollar, Announces Wholesale Discounts

Brazilian President Luiz Inacio ‘Lula’ da Silva has announced that state oil company Petrobras will not be using US dollar-based international prices to set its internal fuel pricing structure. The “Brazilianization” of the industry determines discounts for distributors, with prices now being determined by other benchmarks. Brazilian President ‘Lula’ Announces New Fuel Pricing Structure; Abandons…
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Blockchain and DNA-Based Fuel Tracking Solution Launches Commercially

A blockchain and DNA-based fuel tracking solution for fuel oil has launched after a pilot in the Netherlands. Bunkertrace, a blockchain and DNA-based fuel tracking solution, is using DNA markers to trace bunker fuel oil throughout the supply chain. On Oct. 21, in an article by the American Journal of Transportation, Bunkertrace announced its commercial…
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