Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times UK
International Business Times UK
World
Jim Manzon

Brazil's 5% Gas Hike vs. America's 30% Surge: How a 50-Year Sugarcane Bet Shielded It From the Iran Oil Shock

India and Mexico are studying Brazil's energy model, trying to replicate its success, (Credit: X)

Brazilian drivers saw petrol prices climb just 5% in March while American consumers took a 30% hit, and the gap traces back to a single crop planted half a century ago that the rest of the world dismissed.

As the Iran conflict enters its fifth week and the Strait of Hormuz remains blocked, Brazil's national ethanol programme is delivering on the promise its architects made when they launched it in 1975 under the country's military dictatorship.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.