Brasilia – price gasoline The popular has already surpassed the BRL 7 in Rio Grande do Sul And it reached 6.99 Brazilian riyals per liter acre Last week, according to the weekly survey of National Agency for Petroleum, Natural Gas and Biofuels (ANP). Average price charged around nation, from R$ 5.866, it rose 0.22% between August 8-14 (latest data available) and posted an increase of 0.60% in the month. For professionals, the dollar has a significant impact on this behavior and there is no indication that the riyal can gain value in the short and medium term. However, other factors also affect the final fuel price.
Oil products rise as the exchange rate falls (i.e. the riyal becomes cheaper) and the price of a barrel increases, as he explains Director of the Brazilian Center for Infrastructure (CBIE), Adriano Perez. This Friday, the 20th, dollar Cash closed R $ 5.3848, and petroleum Such as Brent trade in London For the month of October it closed at 65.18 USD per barrel – used for reference by Petrobras. We are living in an electoral period and there is a lot of confusion in the government. I think the pressure will continue through the exchange rate.
Byers also highlights that there should also be pressure to increase oil prices throughout this year due to the recovery of the global economy. There was a very significant drop in oil supply in 2020 and production cannot be increased quickly. This year, however, our demand is growing more than supply and this happens with all commodities.
The scenario may change like delta variable Act new corona virusThis leads to a slowdown in growth and thus lower prices. On the other hand, the disputes in Afghanistan, which is not an oil producer, but is in Middle eastPerez explains, an area rich in reserves, raising costs.
In the composition of the price of gasoline, the share of Petrobras is the largest, at 32.9%. The company captured 98% of the refining market through 2019 when it committed to Economic Defense Administrative Council (KED) to sell half of its refineries. At the moment, the only thing that has been sold is that which has been sold from Bahiawho stayed with exchange, the sovereign fund The United Arab EmiratesBut the company has until December of this year to comply with the agreement.
Maintaining parity in international prices is essential to attract interested parties to other refineries. Another factor that reinforces the need to maintain Petrobras’ international price parity policy is the fact that Brazil needs to import fuel to supply the domestic market. Nearly 7% of the gasoline consumed in the country between January and June this year was imported, he says Executive Director of the Refining and Marketing Sector of the Brazilian Institute of Oil and Gas (IBP), Valeria Lima. “There is no point in blaming Petrobras. The gearbox is definitely pushing a lot, and if it were less, then it would be gasoline as well. This is a consequence of economic policy, after all, the exchange rate reflects our macroeconomic conditions,” he said.
For Valeria Lima, fuel prices are a sensitive issue in the country and need to be discussed in depth. “We can’t just have a technical discussion about it. We also need to be sensitive to society’s demand for reasonable prices.” There are no simple answers to complex problems. But we will definitely not lower the price with axles. ”
Other factors also influence the final price of fuel, the manager highlights. Biofuel prices, also included in the final mix, also increased in the case of anhydrous ethanol, which is added at a rate of 27% in regular gasoline and represents 15.9% of the final price. Gross resale and distribution margins, in turn, are estimated at 11.7% of the final price.
Always quotes by the president Jair BolsonaroOh ICMS (state tax) It is also the “villain” in fuel prices and is responsible for 27.9% of the final value. Federal tax – MrAnd pes NS coffins account for another 11.6%.
The state tax is levied on the price of fuel – the weighted average price for the final consumer, which is adjusted every 15 days. Each state is competent to determine the rate. According to data from National Fuel Trade Association (Fuel)Gasoline ranges between 25% and 34%, depending on the state.
Earlier this year, the government sent a supplemental bill (PLP) to change the way ICMS is shipped. Under the proposal, the tax would have a fixed value per liter of fuel – like the federal PIS, Cofins and Cide taxes, also levied on the product. However, the text did not advance due to states’ resistance. The IBP supports the project, says Valeria Lima, who believes the change will help contain price volatility and give more transparency to prices.
A frequent proposal in the government every time prices rise is to create a compensation fund to be supplied with resources from Cide – the contribution charged to fuel. Established in 2001, Cide is specifically designed to serve as a flexible tool to accommodate price fluctuations and smooth the transmission of fluctuations to the consumer. Resistance to this kind of measures comes from the economic zone.
For the director of the IBP, the challenge for the fund is to determine exactly when price intervention is necessary. Some countries did, but they had to face a dilemma. What is the acceptable price? There can be a monthly or quarterly variation range. It’s hard to do, but possible,” he said.
On the other hand, the temporary measure sent by the government allows direct sale of ethanol and allows the sale of fuels of various brands in a flag bearing location. He thinks it’s not a good solution. “The MP disrupts the market and does not bring any benefits to the consumer. He stressed that it is not possible to understand what the government wants from this.
Despite consumer complaints, Brazilian gasoline is not among the most expensive in the world. Global average price by location global gasoline prices, $1.20 per liter worldwide on August 16 and $1,115 in Brazil – value without subsidies and taxes. cheaper is Venezuela, $0.020 per liter, while Lebanon It has the most expensive value, being $2,564. we United States of America, was $0.934 per liter.
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