After Bolsonaro Exempts PIS and Cofins, Diesel Prices Rise Again and Gasoline and Ethanol Become More Expensive

Written by Flavia Marinho

Published on 22/03/2021 at 11:22

Frentista de posto de combustível / Fonte: Reprodução – Via Google

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The Price of the Most Used Fuel in Brazil, Diesel, Hit R$ 4.274 Per Liter at the Pumps; Gasoline and Ethanol Also Increased

After five consecutive drops, the average price of diesel at gas stations in Brazil rose slightly. Last week marked the first increase since the implementation of a federal government subsidy program for producers like Petrobras and importers. According to ANP data from last Friday, the price of gasoline and ethanol also saw an increase.

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The slight increase in price occurred despite the efforts of the Bolsonaro government, which included tax reductions, to lower prices and address demands from truck drivers after a historic highway shutdown in May against rising fuel costs.

The National Agency of Petroleum, Natural Gas and Biofuels (ANP) also recorded an increase in gasoline, which rose by 1.8% over the week, or 10 cents, to an average of R$ 5.592 per liter.

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Ethanol Price Evaporates at Mills, and Distributors Are Burning Stocks

Ethanol consumption is suffering the consequences of stricter restrictions in fighting the pandemic. Additionally, the harvest in the Center-South officially begins on April 1, which limits business as distributors are waiting for a greater supply of the biofuel.

The sector is now hoping for good news from abroad since domestic lockdowns or semi-lockdowns will coincide with a greater supply arriving from the harvest in the Center-South. Even though the handbrake is being pulled on ethanol and peak production begins in May, the volume available still dampens prices.

After Bolsonaro Exempts PIS and Cofins, Diesel Prices Rise Again and Gasoline and Ethanol Become More Expensive

The Price of the Most Used Fuel in Brazil, Diesel, Hit R$ 4.274 Per Liter at the Pumps; Gasoline and Ethanol Also Increased

Read Also

Ethanol Price Evaporates at Mills, and Distributors Are Burning Stocks

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After Bolsonaro Exempts PIS and Cofins, Diesel Prices Rise Again and Gasoline and Ethanol Become More Expensive

The Price of the Most Used Fuel in Brazil, Diesel, Hit R$ 4.274 Per Liter at the Pumps; Gasoline and Ethanol Also Increased

Read Also

Ethanol Price Evaporates at Mills, and Distributors Are Burning Stocks

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

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At over 8 meters tall and resembling a trunk, this creature dominated the Earth 400 million years before the dinosaurs — and science still doesn’t know what it was.

China inaugurates a 24 km monster that is a bridge, tunnel, and museum at the same time — and 90,000 cars pass through it every day.

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