Gasoline price drops 8% after 3 last Petrobras reductions, research shows

After the announcement of the last reduction in the price of gasoline sold to refineries, the average price of a liter of fuel dropped by 0.47% at the country’s supply pumps, and the value went from R$5.75 to R$5.72. This is what the new Ticket Log Price Index (IPTL) survey shows.

In the accumulated of the last three reductions, the IPLT registered a 7.99% decrease in the average price of gasoline. In comparison with the closing of the first half of August, period in which it closed at R$ 5.88, fuel is already 2.72% cheaper. In relation to the closing of July, when the price was R$ 6.50, the retreat reached 12%.

Before this adjustment, Petrobras had made two reductions in July: 4.9% on the 20th and 3.89% on the 29th.

“When we compare the last three readjustments, the most significant reduction was that of July 19, when the decline reached 0.92%, added to the ICMS exemption that was still being replicated at the pumps”, said in a note the director- Mainstream General of the Fleet and Mobility Division of Edenred Brasil, Douglas Pina.

In relation to the closing of July, in which the price of gasoline was R$ 6.50 a liter, the indentation was of 12%.

“It is necessary to wait for the behavior of prices in the coming days, but most likely it is that the average price of gasoline will continue to drop”, concluded Pina.

The IPTL is an index of fuel prices based on supplies made at Ticket Log’s 21,000 accredited service stations.

*With information from Reuters

Source: CNN Brasil

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