August 10, 2022

The Catholic Transcript

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Who is entitled to a petrol allowance up to 300 BRL?

Find out what it takes to calculate the price of gasoline

In 2022 alone, the price of gasoline rose, on average, by 22%. However, if we compare the average value for 2019, the jump was greater than 70% at all gas stations. The problem is that no one has yet been able to explain how to calculate this price in real terms.

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Everyone knows that the price of gasoline directly depends on the value of oil. In addition, it is no secret that there are taxes and logistical problems in the market that affect the final value. However, doubts persist in the face of a lot of controversial news.

Learn how to calculate the price of gasoline from now on

The most interfering variable in the price of gasoline is oil, since it is the main raw material in the matter. The calculation of oil, in turn, is measured by the international parity policy that has been in place since 2016. Thus, the price of a barrel is calculated on the basis of the international value of the fuel, which is measured in dollars.

Therefore, every time the international price of oil goes up, the price of gasoline also goes up. More so, the higher the dollar the higher the gasoline price. By increasing the gasoline, the price of ethanol also rises to regulate the matter of supply and demand.

The effect of logistics

In contrast, the logistics of distribution, production and processing of gasoline also have a cost. Even the transportation of fuel also affects this. When the price of diesel oil goes up, transportation becomes more expensive and therefore all fuels tend to become more expensive. It is the public policies that have been able to control the situation when they are used correctly.

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Gasoline price taxes

Finally, gasoline is taxed at the final price paid by consumers. In general, there are four main taxes: ICMS, PIS/PASEP, COFINS, and CIDE. Of all of that, only ICMS is a state tax, while the others apply to the federal government.

Based on all these variables, the price of petrol is set and may or may not be controlled by the public administration.