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The Log Price Index (IPTL) published indicated that the average price of Diesel S-10 at Brazilian gas stations fell by 3.65% in March compared to the previous month, to R$ 6.39 per liter, following last week’s price cut at Petrobras refineries on Wednesday.
The price of regular diesel dropped by 3.62% during the period, to R$ 6.30 per liter, and the index is based on supply at 21,000 accredited gas stations from Ticket Log, a brand of mobility and fleet management solutions from Edenred Brazil, which manages 1 million vehicles and performs an average of 8 transactions per second.
Reduction of Diesel S10 Is Related to Changes at Petrobras
After Petrobras reduced the average price of diesel, “in a few days, the national average price at standard pumps in the country fell by 0.85%, and the S-10 type decreased by 1.31%,” said Douglas Pina, General Manager of Móvel, Edenred Brazil, in a report.
Petrobras’ adjustments to the refinery prices of gasoline and diesel are not automatically passed on to end consumers at gas stations, but depend on a range of issues such as taxation, biofuel mix and distribution, and resale margins.
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Brazilian Diesel Prices Drop in the First Half of March
The analysis of the Toras Price Index (IPTL) for the first half of March confirms that the liter of diesel became cheaper throughout Brazil, except in the state of Amazonas. On average, the regular model was sold for R$ 6.33, a decrease of 3.29%, and the S-10 model was sold for R$ 3.17, ending the period quoted at R$ 6.43.
According to the company, the diesel prices fell in five Brazilian regions, with an average drop of over 2%. The South region experienced the largest decline, with the regular model decreasing by 4.06% to R$ 5.81 and the S-10 decreasing by 4.23% to R$ 5.87. These are also the lowest averages among the regions. The highest average prices for both types of diesel are found at gas stations in the northern zone, being R$ 6.85 for regular diesel and R$ 7 for S-10.
Among the states, Sergipe had the largest drops: regular diesel by 6.90% (R$ 6.35) and S-10 by 7.66% (R$ 6.15). The state of Paraná has the lowest average prices, R$ 5.72 for regular diesel and R$ 5.79 for S-10 diesel. Roraima sells the most expensive diesel in the country at R$ 7.69 for regular diesel and R$ 7.79 for S-10.
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