3 min of reading

After Gasoline Price Reaches Nearly R$ 10.00 at Pumps, ICMS Tax Rate Reduction Balances for Consumers as Petrobras Declines 19.68%; Ethanol Also Drops, Becoming 13.39% Cheaper for Drivers

Written by Flavia Marinho

Published on 24/07/2022 at 14:38

Updated on 24/07/2022 at 14:42

Oil and Gas

Frentista em posto de gasolina Petrobras – imagem CorreioBraziliense

Seja o primeiro a reagir!

Gasoline Price Closes First Half of July at R$ 6.13. Ethanol Also Drops and Closes Period with Average of R$4.28.

After sharp increases in fuel prices charged by Petrobras, the average price of a liter of gasoline sold at gas stations in Brazil closed the first half of July at R$ 6.79, a price 10.22% cheaper compared to the closing of June. Also in decline, the price of ethanol fell 6.33% compared to the previous month, and closed the period at R$ 5.62, according to data from the Ticket Log Price Index (IPTL).

“After the reduction of the ICMS rate, there was a significant drop in the price of these fuels compared to last month. Not only did we see a reduction in the national average, but also at gas stations in all Brazilian regions, such as the Federal District, where gasoline became 19.68% cheaper for drivers; and in Rio de Janeiro, where the drop reached 13.39% for ethanol, according to the IPTL,” highlights Douglas Pina, General Director of Mainstream at Edenred Brazil’s Fleet and Mobility Division.

São Paulo Remains the Leader in Cheapest Gasoline in Brazil

In regional terms, the lowest priced gasoline was found at R$ 6.30 at gas stations in the South, with a drop of 12.38% in price. Meanwhile, the highest average was recorded in the Northeast, with a price of R$ 7.10 and a decrease of 7.92% in price.

ARTICLE CONTINUES BELOW

Ethanol with the Lowest Average Price in All of Brazil Reaches R$ 4.28 at Pumps

The ethanol with the lowest average price in all of Brazil was also found at gas stations in São Paulo, at R$ 4.28, with a reduction of 8.24% in price. Pará sold this fuel at the highest average price in the country, at R$ 6.65, with a decrease of 2.28% compared to June. “In this first half closing, among all states, ethanol was the most advantageous option for refueling only for drivers in São Paulo, Minas Gerais, Mato Grosso, and Goiás,” concludes Pina.

The IPTL is a fuel price index based on refuels conducted at the 21,000 accredited gas stations of Ticket Log, which has great reliability due to the number of vehicles managed by the brand: 1 million in total, with an average of eight transactions per second. Ticket Log, Edenred Brazil’s fleet management and mobility solutions brand, has over 30 years of experience and adapts to clients’ needs, offering modern and innovative solutions to simplify daily processes.

About Ticket Log

Ticket Log is part of Edenred Brazil’s Fleet and Mobility business line. The company also provides the market with the IPTL, a national index on the variation of fuel prices, based on refuels conducted at the 21,000 accredited gas stations across Brazil.

After Gasoline Price Reaches Nearly R$ 10.00 at Pumps, ICMS Tax Rate Reduction Balances for Consumers as Petrobras Declines 19.68%; Ethanol Also Drops, Becoming 13.39% Cheaper for Drivers

Gasoline Price Closes First Half of July at R$ 6.13. Ethanol Also Drops and Closes Period with Average of R$4.28.

São Paulo Remains the Leader in Cheapest Gasoline in Brazil

Ethanol with the Lowest Average Price in All of Brazil Reaches R$ 4.28 at Pumps

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.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

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.

China manufactures 150 buses in just 16 working days and ships them to Argentina at prices up to 30% lower than those produced locally, putting body manufacturers in the neighboring country on high alert due to the speed and cost of Asian production.

Brazil accelerates the production of electric buses and could end 2026 as the leader in Latin America in a race that promises to transform public transportation in large cities.

An 11-year-old boy from Texas was just hoping to be officially adopted, but he got the most exciting surprise of his life when 45 classmates showed up unexpectedly at the courthouse to celebrate with him.

Two cyclones are surrounding Brazil at the same time this week: one brings heavy rain to the South while the other pushes cold air that drops temperatures by up to 6 degrees in mountainous areas of the Southeast.

A 20-year-old young man became paralyzed from the waist down after an accident and received treatment with polylaminin in Santa Catarina, and he is already able to move his feet days later.

After Gasoline Price Reaches Nearly R$ 10.00 at Pumps, ICMS Tax Rate Reduction Balances for Consumers as Petrobras Declines 19.68%; Ethanol Also Drops, Becoming 13.39% Cheaper for Drivers

Gasoline Price Closes First Half of July at R$ 6.13. Ethanol Also Drops and Closes Period with Average of R$4.28.

São Paulo Remains the Leader in Cheapest Gasoline in Brazil

Ethanol with the Lowest Average Price in All of Brazil Reaches R$ 4.28 at Pumps

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.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

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.

A Canadian study detects record methane emissions and reveals that abandoned oil wells pollute up to 1,000 times more than expected.

Foresea announces winners of the 3rd supplier award highlighting performance, technology, and sustainability in the oil and gas sector in Macaé.

The 12% export tax on Brazilian oil reignites the debate on regulatory risk, competitiveness, and impact on the trade balance.

Rio could lose up to R$ 21 billion per year due to the STF’s decision on oil royalties, and the impact could affect the economy, tourism, and services.

The rise in oil prices puts Brazil in a strategic advantage and projects a trade surplus of US$ 90 billion, boosting exports and creating a highly favorable and unexpected economic scenario.

China manufactures 150 buses in just 16 working days and ships them to Argentina at prices up to 30% lower than those produced locally, putting body manufacturers in the neighboring country on high alert due to the speed and cost of Asian production.

Brazil accelerates the production of electric buses and could end 2026 as the leader in Latin America in a race that promises to transform public transportation in large cities.

An 11-year-old boy from Texas was just hoping to be officially adopted, but he got the most exciting surprise of his life when 45 classmates showed up unexpectedly at the courthouse to celebrate with him.

Two cyclones are surrounding Brazil at the same time this week: one brings heavy rain to the South while the other pushes cold air that drops temperatures by up to 6 degrees in mountainous areas of the Southeast.

A 20-year-old young man became paralyzed from the waist down after an accident and received treatment with polylaminin in Santa Catarina, and he is already able to move his feet days later.