Brazil: After three weeks in decline, gasoline prices go up again

RIO DE JANEIRO, BRAZIL – The price of gasoline went up again from April 10 to 16, according to data from the ANP (Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels). It had been falling for the last three weeks. At that time, the average price of a liter of fuel reached R$8.33 (US$1.78).

The average price of a liter of gasoline at service stations across the country went from R$7.19 to R$7.22, up 0.37%. Ethanol, meanwhile, registered an increase of 4.5%, rising from R$5.01 to R$5.24.

The diesel price was the only one to drop. Last week the average price of the liter of fuel fell from R$6.60 to R$ 6.59, a reduction of 0.19%.

Besides gasoline and ethanol, the 13 kg cooking gas registered a 0.10% increase. The value went from R$113.54 to R$113.66. At the beginning of the month, the ANP determined a reduction in gas price passed on to distributors. The price per kg went from R$4.48 to R$4.23.

CHANGE IN PETROBRAS’ PRESIDENCY

On April 14, the chemist José Mauro Coelho took office as president of Petrobras. During his inauguration, Coelho defended the current Petrobras price policy equated to the price of a barrel of oil abroad. He said that increasing oil and natural gas production was only possible thanks to this new policy.

Coelho replaces Joaquim Silva e Luna, who was fired by President Jair Bolsonaro (PL) in March, a few days after Petrobras increased diesel by almost 25% and gasoline by nearly 19% in the refineries. Bolsonaro has blamed the company several times for the high fuel prices.

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