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The average price of diesel at Brazilian stations rose slightly last week, after five consecutive declines, in the first weekly summit since the establishment of a subsidy program from the federal government to producers as Petrobras and
The average value of diesel at Brazilian stations reached R $ 3,388 per liter during the week ended July 14, up 0.1% from the previous week, according to ANP data (Agência Nacional do Petróleo, Gás Natural and Biofuels) published on the website of the city this week
The slight increase in prices occurred despite the government's efforts, including tax cuts, declines values and satisfaction of truckers' demands after a shutdown in May, against rising fuel prices.
The president of Plural, who represents the main fuel distributors in Brazil, Leonardo Gadotti, estimates that
The fuel in the pumps contains 90% fossil diesel, which is subsidized by the government, and 10% of biodiesel , which did not receive "
" What happened with the diesel (at the pump), this small rise … was due to an increase in biodiesel at the last sale to auction that took place. Gadotti told Reuters
that the Brazilian Union of Biodiesel and Bioquerosene (Ubrabio) did not directly comment on the slight increase in bombs last week, but criticized the fossil fuel subsidy program .
"The price of diesel at the pump is artificial because it is subsidized and this bill is divided by all citizens who pay taxes, including the biodiesel sector," he said in a note to Reuters
. pay badly. And those who pay badly pay twice. That's what happens today: we pay at the pump and pay a subsidy for a product that pollutes. "
Ubrabio also said that once the program is over, the fossil diesel will return to value before the truckers strike".
Grant Program
The Department of Justice has not been able to respond immediately. 19659002] Under the Fossil Diesel Subsidy Program, producers and importers must freeze their diesel marketing prices in amounts stipulated by the federal government, to be reimbursed up to 30 cents per liter by the government. Union, according to market conditions
A total of 31 companies, including Petrobras, have signed to participate in the second phase of the diesel subsidy program, in effect from June 8 to late July
with light On the upside, diesel prices halted a series of five declines after a record high of 3,828 reais per liter between May 27 and June 2.
Record prices in May led to an 11-day truck stop, resulting in severe product shortages at various points and losses.
To achieve this goal, in addition to the subsidy program, the government reduced federal taxes
The original idea of the government was to obtain a 46-cent reduction from the price of diesel at the stations.
Gasoline, meanwhile, recorded an average of R $ 4,494 per liter in Brazilian stations last week.
Hydrogenated ethanol, a direct competitor of gasoline in pumps, fell 0.9% in the week, to 2,808 reais per ton, according to the ANP. liter, showed the search for ANP.
Copyright Thomson Reuters 2018
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