July 20, 2024

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Cooking gas is on the rise again and has already risen by 3.5% in October

Cooking gas is on the rise again and has already risen by 3.5% in October

Cooking gas rose again last week, by 1.5% compared to the previous week, and in October already achieved a 3.5% increase, according to data from the National Petroleum, Natural Gas and Biofuels Agency.

The highest price was found in Rondonia, in the municipality of Cacoal, in the northern region, at R$135 for a 13kg LPG (LPG) cylinder, and the lowest at R$75.99 in Kariaseca (ES). The average price was R$101.96 versus R$100.44 the previous week.

Gasoline was up 0.6% in the weekly comparison from October 17-23, and 4.4% monthly, while diesel had already eased much of the recent increase, on September 28 – after 85 unadjusted – it was up 0.1% in the week and 3.7% in the month. Gasoline and LPG have been modified in oil refineries Petrobras On October 9, with the biggest impact recorded in the week of October 10-16.

price increase fuel In Brazil, the price of oil and petroleum products continues to rise in the international market, as it operates at the level of 80 US dollars per barrel, at a time when the real depreciation is strong against the dollar, which leads to pressure on fuel prices relative to the US dollar. consumer.

There are already expectations that the price of the commodity could reach $100 per barrel this year, spurred by the economic recovery as vaccination progresses, especially if the current OPEC (Organization of Petroleum Exporting Countries) policy of restricting production continues.

On Friday, a barrel of Brent crude oil closed up 1.09% to $85.53 a barrel.

For its part, the dollar closed on Friday, down 0.24%, to 5.6530 Brazilian real, in the contract scheduled in November. Despite the decline caused by the statements of the Minister of Economy, Paulo Geddes, that he will remain in office “until the end”, the US currency has accumulated a week high of more than 3%.

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The riyal has come under pressure due to the country’s political and economic instability, with high rates of inflation and unemployment, which has led to a decline in the population’s income.

The rise in fuel has been a frequent concern for the government, due to the impact on inflation and the discontent of society, especially truck drivers, a category that supported the election of the president. Jair Bolsonaro He is threatening to go on strike from the 1st of November.

Some solutions are being speculated to bring down fuel prices, such as the creation of a stabilization fund consisting of resources from Petrobras’ revenues and profits, as well as potential cooking gas subsidies for low-income populations, but nothing has been officially announced yet..