Average price of ethanol rises for the 3rd week in a row at gas stations, shows ANP

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Gasoline remained stable, while diesel engaged for the 12th straight week of decline. Data refer to the week of April 23 to 29. Average price of ethanol rises for the 3rd consecutive week at gas stations, shows ANP Reproduction/EPTV ) released this Friday (28). The survey is for the week of April 23 to 29. ▶️ Ethanol: Fuel was marketed on average at R$ 4.10 a litre. The value represents an increase of 3% compared to the R$ 3.98 of the previous week, according to ANP data. The maximum fuel price found at gas stations was R$6.50. ▶️ Gasoline: The average price of gasoline, in turn, remained stable, at R$ 5.51, repeating the value of the last two weeks. The highest price identified by the ANP was R$7.33 in the week. ▶️ Diesel: The liter of diesel hit the 12th drop in a row: it went from R$ 5.73 to R$ 5.71. The drop in the price of fuel was 0.34%. The most expensive value found by the agency in the week was R$ 7.69. ▶️ Context: The results were accounted for by the ANP almost two months after the resumption of federal taxes on gasoline and ethanol – the measure came into effect on March 1. That same week, gasoline rose by 3.34%. Then, it began a downward trend, which lasted three weeks until prices rose again and now reached stabilization. Initially, the reenactment caused a stalemate between the political and economic wings of the government. Ministers Fernando Haddad (PT), of Finance, and Alexandre Silveira, of Mines and Energy, explained on February 28th the return of federal taxes. The increases, according to Haddad, were: R$ 0.47 for gasoline R$ 0.02 for ethanol The Federal Revenue Secretary, Robinson Barreirinhas, informed that the partial reinstatement of taxes is valid for four months, until June. It will only be maintained in the second semester if Congress decides to convert the provisional measure into law. At the time, Haddad said that the impacts on the pumps would be smaller, since Petrobras had announced a reduction in gasoline and diesel prices for distributors. “We have a clear objective, which is to rebuild the public budget,” said the minister. Still according to Haddad, with the reduction of gasoline by R$ 0.13 per liter by Petrobras, the final impact to be felt by the consumer would be R$ 0.34 for gasoline. Petrobras announces another reduction in the price of diesel for distributors Petrobras announced this Friday another reduction in the price of diesel for distributors. The value will go from R$ 3.84 to R$ 3.46 per liter, a reduction of R$ 0.38 or 9.9%. The measure goes into effect this Saturday (29). The prices of other fuels did not change. “Petrobras’ price reduction has as its main objectives the maintenance of the company’s price competitiveness in relation to its customers’ main supply alternatives and the necessary market share for the optimization of refining assets”, says the company’s note. Even in the midst of doubts about a possible change in the company’s pricing policy, Petrobras still benchmarks values ​​based on fluctuations in the price of a barrel of oil on the international market and the exchange rate. Both are at more well-behaved levels at the beginning of 2023. In addition to taxes, the price of fuel is formed by the profit of distributors and resellers, together with the amount charged by Petrobras at refineries. In recent months, this equation has brought fuel prices down. The last reduction for diesel had been announced by Petrobras on March 22nd. At the time, the value went from R$ 4.02 to R$ 3.84 per liter, a reduction of R$ 0.18 or 4.47%. VIDEOS: latest economics news

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