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In Comparison With The Lowest Average Of The Year, Not Only The Price Of Ethanol Spiked, But Gasoline Also Went Up 30% And Brazilians Have Nowhere To Run
The average price of ethanol led the biggest increases among all types of fuels at the end of September, reveals the latest Ticket Log Price Index (IPTL). With an increase of 4.11% compared to August, the fuel recorded an average of R$ 5.388 in September. Meanwhile, gasoline rose 2.31% in the same period and reached R$ 6.260, two months after surpassing R$ 6.00 for the first time. Compared to January, when the closing price was R$ 4.816, the difference is 30%.
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Ethanol Prices Average Above R$ 5.00
“For the fourth consecutive month, ethanol prices average above R$ 5.00 and in this month-end closing it led the highest rise among all fuels. When we analyze the comparison with the first month of the year, the price increase of ethanol was 43%,” highlights Douglas Pina, Head of Urban Market at Edenred Brazil.
Similar to August, last month saw an increase in the average price of gasoline across Brazil. The most significant increase, at 2.71%, occurred in the South, where it sold for R$ 6.072, which, despite being the highest increase, was the lowest national average for the period. The Central-West Region, with an increase of 1.68%, had the highest average price recorded at gas stations in September: R$ 6.373. Rio Grande do Norte was the state with the highest gas price increase, rising 5.98%, with the liter costing R$ 6.572.
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Meanwhile, ethanol saw the Northern Region present the highest average price increase of 6% compared to August. The smallest increase occurred in the Northeast, at 2.56%, but the region still has the highest price per liter in the country, sold at R$ 5.560. The Federal District recorded the largest increase in Brazil for ethanol, rising 8.88%, sold at R$ 5.726, compared to the average of R$ 5.259 in August.
Rio de Janeiro Continues To Lead The Ranking Of The Most Expensive Gasoline In Brazil
When looking at the state breakdown, Rio de Janeiro continues to lead the ranking of the most expensive gasoline in Brazil, at R$ 6.675, an increase of 2.31% compared to August. In contrast, Amapá, the state with the lowest average price – R$ 5.610 – saw an increase of 1.80%. No state experienced a decrease in gasoline prices during this period.
For ethanol, the highest average price during the period, R$ 6.132, was recorded in Rio Grande do Sul, following an increase of 3.79% compared to August. The state of São Paulo remains at the top of the ranking for the lowest price of the fuel, R$ 4.524, even with an increase of 5.70%. Like gasoline, ethanol did not register a decrease nationwide.
The IPTL is a fuel price index based on refueling at the 21,000 accredited Ticket Log gas stations, which is highly reliable due to the number of vehicles managed by the brand: 1 million in total, with an average of eight transactions per second. Ticket Log, a fleet management and mobility solutions brand of Edenred Brazil, has more than 30 years of experience and adapts to clients’ needs by offering modern and innovative solutions to simplify daily processes.
Truck Drivers Threaten Strike And May Halt At Any Moment Against The New Diesel Price Hike And Fuel Prices Set By Petrobras
Following another increase in diesel prices, which saw a mean increase of R$ 0.25 per liter yesterday (09/29), truck drivers are considering a new strike. The aim of the potential stoppage is to pressure the government to lower fuel prices. The president of the Minas Gerais Sindtanque, the union representing fuel transporters, stated in an interview with VEJA that protests could occur at any time. However, leadership considers this movement to still be intermittent.
The demands of truck drivers, who previously held a historic strike against diesel prices in 2018, continue to be compounded by ongoing complaints from President Bolsonaro about fuel costs.
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