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The end of the sugarcane harvest influences the increase in ethanol in industries and the fuel will be readjusted at the pump

Written by Flavia Marinho
Published 18/11/2020 às 09:36
ethanol - price - fuel
Ethanol – sugarcane and corn fuel rose 0,66% at the pump, informs the National Petroleum, Gas and Biofuel Agency (ANP).

Ethanol – sugarcane and corn fuel rose 0,66% at the pump, informs the National Petroleum, Gas and Biofuel Agency (ANP).

Increase in fuel prices in Brazil. Hydrated ethanol becomes more expensive for the consumer and for biofuel plants, due to the end of the sugar cane harvest. In addition to ethanol, the price of diesel at gas stations increased 0,8% in the first half of November compared to the closing price in October. Looking for a job? Jurong Aracruz shipbuilding yard, in ES, starts job vacancies for technicians and engineers with experience in FPSO projects

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The increase in the price of oil, which also opened high last Monday (16), above US$ 44,50 per barrel (London), could offset the adjustment in ethanol prices in Brazil

Sugarcane and corn fuel increased at the pump by 0,66% (R$ 3,071/liter) in the same period, according to a survey by the National Petroleum, Gas and Biofuel Agency (ANP). And gasoline advanced 0,55% (R$ 4,368/l).

According to Cepea/Esalq, with the most expensive gasoline since the 12th in refineries, the plants and distilleries more than doubled the loss for the week of November 2nd to 6th, of 0,15%. From the 9th to the 13th, ethanol expanded by 0,39%.

As the readjustment of gasoline by Petrobras was on the 12th, the transfer was still not fully paid by retailers, and even by distributors. However, there should also be new readjustments of ethanol at the pump, following the pass-through that distributors should give.

Diesel price at service stations in Brazil rises in the first half of the month, says Ticket Log

The average diesel price at gas stations in Brazil increased by 0,8% in the first half of November compared to the October closing price, but remained below the levels seen in the same period last year.

According to the Ticket Log Price Index (IPTL), the average value of a liter of diesel at gas stations reached 3,713 reais in the first fifteen days of the month. In the annual comparison, the fall is 5,5%.

Last week, Petrobras raised the price of diesel by 5% at its refineries, in the first readjustment of November – after a cut in the price of fuel last month.

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The transfer of readjustments to final consumers at service stations, however, depends on a series of factors, including distribution and resale margin, taxes and mandatory addition of anhydrous ethanol.

Brazil is going through a period of recovery in fuel consumption, given the easing of restrictive measures imposed in the midst of the coronavirus pandemic. coronavirus. BR Distribuidora, the country's largest fuel distributor, said last week that it sees better sales volumes of ethanol, gasoline and diesel in the fourth quarter.

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Flavia Marinho

Flavia Marinho is a postgraduate engineer with extensive experience in the onshore and offshore shipbuilding industry. In recent years, she has dedicated herself to writing articles for news websites in the areas of industry, oil and gas, energy, shipbuilding, geopolitics, jobs and courses. Contact her for suggestions, job openings or advertising on our portal.

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