Average prices of gasoline and ethanol rise again at gas stations after the ICMS was re-encumbered, shows ANP

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Survey refers to the week of February 11th to 17th. The g1 calculator helps you choose the most advantageous option when refueling. Fuel gas station Marcello Casal Jr/Agência Brasil The average price of a liter of gasoline rose for the 2nd week in a row at gas stations across the country. This is what data from the National Petroleum, Natural Gas and Biofuels Agency (ANP), released this Tuesday (20), shows. The survey refers to the week of February 11th to 17th. See the price variation during the period: ▶️ Gasoline: The fuel was sold, on average, at R$ 5.76. The value represents an increase of 0.17% compared to R$5.75 the previous week. The maximum price of fuel found at stations was R$7.97, according to the ANP. ▶️ Ethanol: The average price of ethanol, in turn, rose to R$ 3.58. The value represents an increase of 0.85% compared to R$3.55 the previous week. The highest price identified by the ANP was R$5.99. ▶️ Diesel: The liter of diesel has declined, found, on average, at R$ 5.90. The value represents a drop of 0.17% compared to R$5.91 the previous week. The highest price identified by the ANP was R$7.95. See below, in the g1 calculator, which is the most advantageous option when it comes to refueling. g1 calculator Check which fuel is most worth it: How does the calculator work? The average calculation is made based on the price and yield of each fuel. As gasoline and ethanol prices fluctuate at gas stations, the most advantageous option may vary. According to experts, ethanol is more worthwhile when it costs up to 70% of the price of gasoline. Understand the calculation. Increase in ICMS Fuel prices at the pump still felt the effects of the 12.5% ​​increase in the Tax on Circulation of Goods and Services (ICMS) on diesel, gasoline and cooking gas. The measure, which applies to all states, came into force on February 1st. The increase had already been announced in October 2023, after deliberation by the National Committee of State Secretaries of Finance (Comsefaz). According to the Committee, the adjustment is justified by inflation in the period. The measure marked the end of a process of exemptions and re-encumbrances on fuel taxes that has been going on since 2021. From March of that year until February 2024, there were at least 13 important announcements of changes to taxes on gasoline, diesel, ethanol and natural gas for vehicles (NGV) — seven in 2023 alone. (see the timeline at the end of this report) Adjustments by Petrobras Petrobras announced on December 26 the reduction in the average price of diesel sold to distributors, from R$ 3.78 to R$3.48 per liter — a drop of R$0.30. The change took effect the following day. In the case of gasoline, the last price adjustment made by the oil company occurred on October 19, 2023. The reduction, of R$0.12 per liter, reduced the amount charged at refineries to R$2.81. The measure came into force on the 21st of the same month. Change in pricing policy The oil company announced changes to its pricing policy in May 2023. Since then, the state-owned company no longer follows the international parity policy (PPI), which readjusted fuel prices based on variations in the dollar and oil prices abroad. The company explained that its prices for distributors would be in the range between: the highest amount a buyer can pay before wanting to look for another supplier; and the lowest value that Petrobras can charge for the sale while maintaining a profit. It is worth remembering that the prices charged by the oil company are not the same as those at gas stations. Prices at the pumps also take into account taxes and the profit margin of distributors and resellers. Brazilian economy is expected to increase by 2.45% in 2023, points out BC Trajectory of fuel taxes. Kayan Albertin/Editoria de Arte g1 VIDEOS: latest Economy news

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