How would Brazil be in the ranking of the cheapest gasoline in the world after readjustment

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The Brazilian government announced that it will increase fuel costs. Projected increase is R$ 0.34. Brazil is undergoing a reformulation of policies related to the price of oil GettyImages The increase in the price of gasoline announced by Petrobras this week could cause the country to drop more than ten positions in the ranking of the cheapest gasoline in the world. According to the weekly ranking prepared by the Global Petrol Prices website, Brazil was the 47th country with the cheapest gasoline in the world, with an average consumer price of R$ 5.53 per liter. With the changes in force since Wednesday (16), Brazil would fall to at least 61st in the ranking – considering only the change in the price practiced in the country with the increase announced by the Brazilian federal government. In May, the government of Luiz Inácio Lula da Silva announced a reformulation of policies related to the price of oil. Last year, the government of then-president Jair Bolsonaro (PL) had cut taxes on fuel prices – something that many in the opposition accused of being a merely electoral measure, which the government at the time denied. The justification given was to help contain the escalation of inflation. In a new readjustment, Petrobras announced this week an increase of R$ 0.41 per liter in gasoline. Ethanol rises R$ 0.78. According to Petrobras, despite the readjustments, fuel prices had an average reduction of R$ 0.15 per liter for gasoline and R$ 0.69 per liter for diesel in the accumulated in 2023. All these prices refer to the value of fuel sold to fuel distributors. The final impact on the gas station for the common consumer, according to Petrobras, may vary across the country, depending on “other factors, such as taxes, blend of biofuels and profit margins from distribution and resale”. Service stations are free to stipulate the prices charged to the final consumer, which means that the impact on the pump can be even greater. More expensive than China and the US Considering only this change, according to the Global Petrol Prices ranking, the average price of gasoline would go from R$5.53 per liter to at least R$5.94. Brazilian gasoline would become more expensive, on average, than that of countries like Australia (equivalent to R$ 5.684), China (R$ 5.755) and South Africa (R$ 5.847). In the increase announced in March of that year, Brazil surpassed the averages of countries such as Argentina and the United States. The list is compiled by the Global Petrol Prices website, maintained by specialists in energy prices. This assessment is based only on the most recent data published by the platform, which refer to Monday (8/14). This data can change throughout the week in all countries, which can influence the position that Brazil occupies in the list. The ranking is affected by several factors — such as changes in the international price of oil, changes in energy and tax policies in each country and exchange rate variations. Last year, when the Bolsonaro government announced the exemption of gasoline, Brazil rose 37 positions — from the 76th cheapest gasoline to the 39th — and was among the ten countries where the price of a liter of fuel was the lowest between June 27th and 29th. of August. Prices paid by consumers around the world for a liter of gasoline vary widely — from R$0.021 in Venezuela (the country with the cheapest gasoline in the world) to R$15.315 in Hong Kong. Among its neighbors, Brazil has more expensive gasoline than Venezuela, Bolivia, Ecuador, Colombia, Suriname, Argentina and Guyana. The most expensive gasoline among Brazil’s neighbors is from Uruguay: R$9,194 — a level similar to that of countries like the United Kingdom, Israel and Spain.

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