Gasoline drops 9.16% on average in Brazil in August, survey shows

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The price of gasoline at gas stations dropped 9.16% in the first part of August compared to the average for the month of July, according to a survey released this Friday (12) by ValeCard, a company specializing in fleet management solutions.

In the period, the average price of fuel was R$ 5.779 per liter. In July, the average value had been R$ 6,362.

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The decline was mainly due to the two reductions in the sale price of fuel by Petrobras refineries, on July 20 and 29, of 4.9% and 3.88%

respectively.

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The biggest reductions were registered in the states of Piauí (-15.04%), Sergipe and Pernambuco (both with a decrease of 12.44%) and Maranhão (-12.30%).

Ethanol advantageous only in one state

With the sharp drop in the price of gasoline, ethanol is no longer advantageous in most of the country. From August 1st to 12th, the only state where it was worth supplying with ethanol was Mato Grosso, a major producer of the renewable fuel made from corn.

The average value of fuel in the period was R$ 4,011 per liter, equivalent to 67% of the price of gasoline (R$ 5,997). The advantage only exists when this ratio is below 70%.

In the state of São Paulo, the largest producer of biofuel in the country, the average price of R$ 5,553 was equivalent to 71% that of gasoline.

ValeCard’s research was carried out by recording transactions carried out at more than 25,000 accredited service stations.

Source: CNN Brasil

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