Gasoline rises 3% at stations in Brazil; Ethanol also advances, shows ANP

Regular gasoline was sold at an average of 5.12 reais per liter per week at Brazilian service stations, compared to 4.97 reais (Image: Pixabay/Engin_Akyurt)

The average prices of Gasoline rose 3% at fuel stations this week, found research by the regulator ANP this Friday, after the Petrobras raise the price of fuel sold to refineries for the first time since June 2022 last week.

Common gasoline was sold at an average of 5.12 reais per liter in the week at Brazilian stations, compared to 4.97 reais in the previous week, showed the ANP.

Petrobras raised gasoline sales prices to distributors by 7.5% last week, after oil prices and the behavior of the exchange rate increased the gap between domestic prices and international prices.

The transfer of adjustments to the Petrobras from refineries to final consumers at service stations is not immediate and depends on a series of issues such as distribution and resale margins, addition of biofuels and taxes.

In this scenario, the hydrous ethanola direct competitor of gasoline at pumps, was sold at 3.82 reais per litre, up 1% from 3.78 reais the week before.

THE diesel S10 (with lower sulfur content), in turn, registered an average of 6.39 reais per liter last week, almost stable compared to the 6.38 reais registered a week earlier.

Source: Moneytimes

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