Average price of gasoline exceeds R$ 6 per liter for the first time – 09/03/2021 – Market

The average price of gasoline at gas stations in Brazil advanced for the fifth consecutive week and for the first time surpassed the mark of R$ 6 per liter, according to a survey published this Friday (3) by the ANP (National Petroleum Agency, Natural Gas and Biofuels), which also showed increases in the values ​​of diesel oil and ethanol.

According to the ANP survey, the average price of regular gasoline at the pumps reached R$ 6.007 per liter this week, an increase of 0.41% compared to the previous one.

The value of gasoline at Brazilian service stations has been increasing uninterruptedly since the first week of August, according to the regulatory agency. In the current survey, the ANP even found the fuel on sale for up to R$7.199/liter.

The most consumed fuel in Brazil, diesel oil canceled the loss that had been registered last week and also advanced 0.41% in the current one, reaching an average of R$ 4.627 per liter.

Ethanol, on the other hand, a direct competitor to gasoline at the pumps, was up 1% this week, also the fifth consecutive gain, to R$ 4.611 per liter.

In the plants, the biofuel increased gains and advanced 1.15% in the week, considering the reference measured by Cepea/Esalq in São Paulo.

Fuel prices have been a sensitive topic amid rising inflation in the country.

President Jair Bolsonaro filed a lawsuit in the STF (Supreme Federal Court) on Friday to force the National Congress to enact, in 120 days, a law with the objective of standardizing the rates applied by the States in the ICMS of products, part of the factors by which the government justifies the increase in prices.

At the same time, Petrobras started a campaign to clarify the price of gasoline, seeking to show that it receives R$ 2 of the sale value of gasoline at the pumps and highlight, in line with Bolsonaro’s vision, the weight of ICMS in the formation of final prices.

In addition to the value of refineries and taxes, fuel prices in Brazil also take into account factors such as distribution and resale margins.