Brazil diesel imports hit record despite drop in local sales

Brazilian diesel imports surged 60 percent to hit a record high in the year to May compared with the same period last year, even as domestic sales slid, Brazil’s oil and fuels watchdog ANP said.

In the first five months of the year, diesel imports hit 4.44 billion liters, ANP said on Friday, while domestic diesel sales fell 2 percent in the same period to 21.6 billion liters, in a sign of a weak economy.