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Diesel and gasoline in Brazil are below prices registered in Chile, Argentina, Peru, Canada, Germany, France and Italy, says Petrobras
Petrobras informed this morning (18/02) that starting tomorrow, there will be an increase in fuel prices of R$0,34 for diesel and R$0,23 for gasoline in its refineries. After applying readjustments, the new average values in refineries will be R$ 2,48 per liter for gasoline and R$ 2,58 per liter for diesel.
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According to Petrobras, the alignment of prices to the international market is essential to ensure that the Brazilian market continues to be supplied without any risk of shortages. This same competitive balance is responsible for price reductions when supply increases in the international market, as occurred throughout 2020.
Petrobras informs that the price of gasoline and diesel sold at the pump at the retail station is different from the amount charged at the company's refineries. Until it reaches the consumer, federal and state taxes are added, costs for the acquisition and mandatory blending of biofuels, in addition to the gross margins of distribution companies and fuel retail stations.
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Furthermore, it is important to remember, since Brazilian legislation guarantees freedom of prices in the fuel and derivatives market, the change in the final price will depend on transfers made by other members of the fuel chain, that is, the readjustments by the state-owned company may or may not not be reflected in the final consumer price.
The figure below shows the contribution of each portion in the composition of consumer prices in a calculation based on Petrobras' average prices and on the survey of final consumer prices in 13 Brazilian capitals and metropolitan regions published by the ANP for the week of 07/13 to 02/2021 /XNUMX.
Breakdown of consumer prices in calculation based on average Petrobras prices
Petrobras shows that the final consumer price of gasoline and diesel in Brazil is below the world average
“According to research by Globalpetrolprices.com covering 167 countries, the average price of gasoline to the final consumer in Brazil is 17% lower than the global average and occupies the 56th position in the ranking, therefore, lower than the prices observed in 111 countries”, said the Petrobras.
For diesel, in a sample of 166 countries, the final price in Brazil is 28% lower than the global average and occupies the 43rd position in the ranking, that is, lower than 123 countries.
In both cases, as shown in the image below, average prices in Brazil are below the prices registered in Chile, Argentina, Peru, Canada, Germany, France and Italy.
Average prices in Brazil for diesel and gasoline
Note: Prices are converted into dollars and the international comparison is directly influenced by the exchange rate. For the charts, we have selected some countries for illustration purposes. The complete list is available at https://pt.globalpetrolprices.com/.
