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Diesel continues to rise at gas stations, and gasoline falls for the 2nd week

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Diesel continues to rise at gas stations, and gasoline falls for the 2nd week

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Prices of diesel, the most widely used fuel in Brazil, rose again in the country's posts, in the eighth consecutive week of high, showed data from the National Agency of Oil, Natural Gas and Biofuels (ANP) on Friday (25), while the Gasoline retreated for the second week.

The ANP survey pointed to an average increase of 0.24% in diesel prices, to R $ 3.712 per liter, the same day that state-owned Petrobras announced a cut of about 1.5% in the price of fuel in its refineries.

Fuel prices at gas stations

Evolution of the value per liter, in the national average

Source: ANP

The last time Petrobras had readjusted diesel had been on September 19, with a 4.2% rise following sharp increases in international oil prices following attacks on Saudi state-owned Aramco's facilities on September 14. .

The state's diesel decline on Friday came after oil returned gains amid the company's pricing policy that follows international commodity prices and the exchange rate.

But the pass-throughs of refinery price adjustments to final consumers at gas stations are not immediate and still depend on many factors, such as taxes, distribution and resale margins and biofuel blending.

In gasoline, prices fell slightly, from 0.02%, to R $ 4,378 per liter, on average, after falling also in the previous week.

Petrobras' latest move in gasoline prices was a 2.5% rise on September 27.

Already ethanol, competitor of gasoline in pumps, also advanced to $ 2,927 per liter (+ 0.83%).

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