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Gasoline Price Per Liter May Drop to Approximately R$ 2.44, and Diesel Price to R$ 0.82. This is if the Profit Margin of Distributors is Not Adjusted.
The Tax on Circulation of Goods and Services (ICMS) – which is levied on fuels, telecommunications, transportation, and electricity – was being discussed in the Senate through a proposal to no longer apply at the federal and state levels on the price of diesel and gasoline. The proposal was voted on and approved on Monday, June 13.
The Federal Government intends to implement the approved proposal by the end of this year. If approved, gasoline prices may drop to approximately R$ 2.44, and diesel prices to R$ 0.82. This is if the profit margin of distributors is not adjusted.
What is often a common question when refueling is how the fuel price is formed: according to Petrobras, the state-owned company is responsible for 38.9% of the price charged per liter of gasoline and 63.2% for diesel. The rest of the prices come from state and federal taxes. In addition to these taxes, there are also values related to anhydrous ethanol and biodiesel included.
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It is true that each state charges a different ICMS rate, which can cause fuel prices to vary depending on the region, explaining the difference in fuel passed on to consumers across the country.
In the state of Rio de Janeiro, for example, the ICMS can reach around 34%. In the state of Minas Gerais, this average is 31%, and in Maranhão, it is about 29%.
And If Taxes Were Eliminated: How Much Would We Pay Per Liter of Fuel?
Let’s see: without taxes, based on the current average prices charged by distributors in the country, what would be the price of diesel and gasoline?
The price of gasoline could drop from R$ 7.21 to R$ 4.77, just as the R$ 7.21 for diesel would go down to R$ 6.19. This represents a 33.8% drop in gasoline and 11.7% in diesel.
Remember that this decrease will only be valid until the end of the year, until the state-owned company makes adjustments and the effectiveness of the reduction ceases.
