After Petrobras Price Hike, Piauí Leads Ranking of Most Expensive Gasoline in Brazil, According to ANP

Piauí, Rio Grande do Norte, and Rio de Janeiro have, respectively, the highest gasoline prices in Brazil. According to the National Petroleum Agency (ANP), the average gasoline price in these states is close to R$ 8

After the fuel price adjustment by Petrobras throughout Brazil this March, the price of gasoline is already nearing R$ 8 in some states. According to the ANP, in Piauí, a liter of gasoline costs R$ 7.992. Next is Rio Grande do Norte and Rio de Janeiro, with the price of gasoline at R$ 7.921 and R$ 7.731, respectively.

Last week, the average price of common gasoline in Brazil increased by 8.6%. This week, the ANP recorded the price of gasoline at R$ 7.26, compared to R$ 6.68, the price recorded the previous week.

According to Gilberto Braga, an economist at IBMEC, factors such as ICMS and freight costs influence the price of the gasoline that reaches gas stations, as well as explaining the differences between states.

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The economist explains that the price of gasoline in Rio de Janeiro is largely due to ICMS, as Rio de Janeiro is the state with the highest oil production in Brazil and has more than one refinery, so the distance compared to other states is shorter, from production to refining to consumption. However, gasoline is still very expensive.

According to CNN, the cheapest gasoline price in Brazil was found in the states of Amapá, São Paulo, and Rio Grande do Sul, in that order. According to the ANP, in these states, the average price of gasoline was below R$ 7.

See the List of Average Gasoline Prices by State, from Highest to Lowest, According to ANP:

1. Piauí – R$ 7,992
2. Rio Grande do Norte – R$ 7,921
3. Rio de Janeiro – R$ 7,731
4. Ceará – R$ 7,640
5. Acre – R$ 7,549
6. Minas Gerais – R$ 7,538
7. Bahia – R$ 7,524
8. Tocantins – R$ 7,469
9. Goiás – R$ 7,457
10. Pará – R$ 7,450
11. Rondônia – R$ 7,422
12. Federal District – R$ 7,412
13. Sergipe – R$ 7,403
14. Espírito Santo – R$ 7,380
15. Amazonas – R$ 7,344
16. Maranhão – R$ 7,342
17. Pernambuco – R$ 7,298
18. Paraná – R$ 7,264
19. Alagoas – R$ 7,242
20. Santa Catarina – R$ 7,165
21. Roraima – R$ 7,101
22. Mato Grosso – R$ 7,058
23. Paraíba – R$ 7,036
24. Mato Grosso do Sul – R$ 7,035
25. Rio Grande do Sul – R$ 6,975
26. São Paulo – R$ 6,867
27. Amapá – R$ 6,279

Increase in Fuel Prices

The surge in oil prices affects the pockets of Brazilians. Petrobras announced on March 10 new adjustments to the prices of gasoline, diesel, and cooking gas throughout Brazil. The new increase comes after nearly two months of frozen prices at the state-owned company’s refineries. According to Abicon, even with the new adjustment, gasoline and diesel prices remain outdated compared to international market prices.

The average gasoline price for distributors will rise from R$ 3.25 to R$ 3.86 per liter, an adjustment of 18.8%. In the case of diesel, the average price per liter will be adjusted from R$ 3.61 to R$ 4.51, marking an increase of 24.9%.

In the case of LPG (Liquefied Petroleum Gas), commonly known as cooking gas, there will be an adjustment of 16.1%, where the price per kg will increase from R$ 3.86 to R$ 4.48, equivalent to R$ 58.21 for 13 kg.