Gasoline Prices Hit Lowest Pump Value Since February 2021 After Law Approved That Defines Fuel, Electricity, Communications, and Transport as Essential Consumer Items

Diesel, Gasoline, Electric Energy, Communications, and Public Transport — Now Also Considered Essential Consumer Items.

An exclusive survey conducted by ValeCard, a company specializing in fleet management solutions, confirms that fuel prices at gas stations continue to decline. In the analysis for September, gasoline prices showed a decrease of 8.35% compared to August, with an average price of R$ 5.193 per liter at the pump.

The drop in gasoline prices reflects the limitation of the Tax on Circulation of Goods and Services (ICMS) adopted by states after the sanction in June of the law that created a ceiling for the tax on items such as diesel, gasoline, electric energy, communications, and public transport — now also considered essential consumer items.

Watch the Video Below and Check Out the New ICMS Rate Approved by the Government

Another Factor Leading to the Decline in Gasoline Prices Is Petrobras’ Successive Cuts

On September 1st, Petrobras announced an average reduction of 7% in the price of gasoline sold to distributors, which was the fourth cut made since mid-July.

“In addition to the tax issue, another factor leading to the decline in gasoline prices is the successive cuts by Petrobras in the prices of this fuel at refineries,” explains José Ortigosa, CEO of Benefits and Fleet at ValeCard.

The investigation pointed to the largest reduction in fuel prices in Rio Grande do Norte (-11%), closing the month at R$ 5.094 – a price lower than the national average – Amapá (-11.68%) and Pernambuco (-10.65%). No state showed price increases, but the most modest declines were observed in Acre (-4.45%), Bahia (-5.41%), and Roraima (-6.25%).

The data obtained for the survey refer to the period between September 1 and 27, through records of transactions made with the ValeCard fueling card at more than 25,000 accredited establishments.

Porto Alegre, Campo Grande, and Cuiabá Have the Lowest Prices Among Capital Cities

Among the capitals, the average fuel price in September was R$ 5.116, which represents a decrease of 8.75% compared to the previous month.

Porto Alegre (R$ 4.769), Campo Grande (R$ 4.803), and Cuiabá (R$ 4.887) were the capitals with the lowest prices in the first half of September, marking the second consecutive month that Cuiabá appears in this ranking.

The highest average prices were found in Boa Vista (R$ 6.208), Belém (R$ 5.522), and Porto Velho (R$ 5.540).