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Stability in Fuel Prices in October

Written by Corporativo
Published on 11/11/2023 at 10:21
Updated on 11/11/2023 at 10:22
combustíveis não apresentaram alta em outubro
Foto: Mariana Kovelis
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Diesel And Gasoline Prices Without Significant Increase

São Paulo, November 2023 – As pointed out by the recent Veloe Mobility Indicators Panorama, the month of October did not register a significant increase in fuel prices. This stabilizing trend was mainly observed in common S-10 diesel and in gasoline, both common and additive, as well as in ethanol and CNG, which even showed a slight reduction in values.

Variations In Fuel Prices

The Veloe report highlighted the national average prices per liter of fuel. For common gasoline, the value was R$ 5.855, while the additive gasoline stood at R$ 5.957. Hydrated ethanol showed an average price of R$ 3.689 and CNG cost R$ 4.553. Notably, common diesel and S-10 diesel maintained stable prices, with values of R$ 6.183 and R$ 6.284, respectively.

The stability in common diesel and S-10 diesel prices is good news for the transportation and logistics sector, which relies heavily on these fuels. The national average prices reflect a trend of greater predictability for consumers and businesses that depend on diesel for their daily operations.

Influence of External And Internal Factors

In addition to changes in prices set by Petrobras, the volatility in international oil prices also influenced fuel values. The ever-changing global political and economic scenario has a direct impact on fuel prices, affecting both consumers and businesses.

Ethanol Maintains Preference

Interestingly, the Cost-Benefit Indicator Flex maintained the preference for ethanol in refueling, with the average ethanol price corresponding to 68.4% of the gasoline price – similar to the previous month. In the capitals, this indicator slightly decreased to 67.7%. These percentages, below 70%, reinforce the economic advantage of ethanol over gasoline, especially for flex vehicles.

Future Outlook

The data from the Veloe Panorama indicate a scenario of stability in fuel prices, which can be a relief for consumers and companies planning their expenses. The preference for ethanol also suggests a continuing trend toward seeking more economical and potentially more sustainable alternatives.

Conclusion

The stability in fuel prices in October 2023 is an encouraging sign for the Brazilian economy. The Veloe Mobility Indicators Panorama provides valuable insights into the behavior of fuel prices, allowing consumers and businesses to make informed choices and better plan their finances. The continued preference for ethanol also highlights the importance of more accessible and sustainable fuel alternatives in the Brazilian market.

For more information and details about the research and data from the Veloe Panorama, visit the official website.

Source: Mariana Kovelis.

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