Average gasoline price fell 30% in two months

For the tenth consecutive week, the value of gasoline at pumps in all countries shows a further decrease. According to data from the National Agency of Petroleum, Natural Gas and Biofuels (ANP), released this Friday (02), the average price of fuel fell from R$5.25 to R$5.17, a decrease of 1.5 %. The last time the price of gasoline was at this level was in the last week of February 2021.

Ethanol also showed a drop in average. The average price went from R$3.84 to R$3.71, which represents a drop of 3.4%. According to the ANP study. The average value of diesel went from R$6.93 to R$6.90, a reduction of 0.4%. This is the lowest price since the week ended June 11 this year, when it was R$6.91.

Gasoline had its peak in the last week of June this year, when it registered an average of R$ 7.39 at the pumps. If we take this date into account until this last ANP survey, the accumulated drop reaches 30%, which is equivalent to R$ 2.22 per liter.

The highest price of gasoline in the country was found in Amazonas, worth R$ 7.00 a liter. The most expensive diesel was also in Amazonas, costing R$ 8.89. And the most expensive liter of ethanol was found in Rio Grande do Sul, registering R$ 6.99.

The constant reduction in fuel prices has been felt since the Federal Government decree that limits the Tax on the Circulation of Goods and Services (ICMS) and adopted by the states when they created a ceiling of 17% to 18% for the tax on items such as diesel, gasoline, electric power, communications and public transport.

In addition, the reduction announced by Petrobras of 7.08% in the price of gasoline for distributors, which began to take effect on Friday (2), will also impact further declines in the coming weeks. The liter will go from R$ 3.53 to R$ 3.28, a reduction of R$ 0.25 in distributors.

With inflation expected around zero for September, the change should hit the official gauge at -0.24 percentage point and contribute to a negative Broad Consumer Price Index (IPCA) this month. The assessment is by economist André Braz, who coordinates the Consumer Price Index of the Brazilian Institute of Economics of the Getúlio Vargas Foundation (FGV Ibre).

“The chance of people having negative inflation at the end of this month increased due to the weight that gasoline has in the family budget, which compromises an average of 6.5%”, says Braz. The economist believes that the discount on the price to distributors should cause a 4% decrease in common gasoline sold at stations.