Brazil: Gasoline price drops for third straight week but remains above US$1.46

The average gasoline lag compared to the international market is already at 20% and diesel, at 14%, according to Abicom (importers association).

RIO DE JANEIRO, BRAZIL - For 87 days without a readjustment by Petrobras, gasoline has been registering a slight price drop at the gas stations for three weeks in a row, according to data from the National Petroleum, Natural Gas and Biofuel Agency (ANP).

The price of diesel has also been dropping.

Despite the drops in both fuels, gasoline is still well above R$7 (US$1.46) and is found in some . . .

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