Gasoline prices remain stable for the second week in a row

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The price of gasoline at Brazilian service stations remained stable this week, according to a survey by the ANP (National Agency for Petroleum, Gas and Biofuels). On the national average, fuel was sold at R$5.03 per liter, against R$5.04 the previous week.

It was the second week of stability after six consecutive weeks of highs, caused mainly by the rise in anhydrous ethanol prices, which represents 27% of the mixture sold at gas stations.

Gasoline prices have not been adjusted at Petrobras refineries since the beginning of September, remaining for most of this period below international quotations. With the fall of oil in recent days, however, the state-owned company is selling the product at more expensive prices.

According to Abicom (Brazilian Association of Fuel Importers), the average price of gasoline in the country is 3%, or R$ 0.11 per liter, above the import parity, a concept that simulates how much it would cost to import the products.

The price of hydrous ethanol was also stable at gas stations, at R$ 3.85 per liter, after consecutive weeks of increases. Biofuel has accumulated an increase of 15% since the R$ 3.37 per liter reached in the last week of September.

According to the ANP, a liter of diesel was sold at R$ 6.55 per liter, also stable compared to the previous week. Petrobras has not readjusted the price of the product since mid-September.

The last fuel to have its price revised at Petrobras refineries, with a 5.3% cut in November, cooking gas was sold at BRL 109.75 per 13-kilogram cylinder, BRL 0.20 cheaper than in last week.

The recovery in fuel prices in recent weeks added to the pressure from food to put pressure on inflation in November. The IPCA-15 (Extended National Consumer Price Index-15) rose to 0.53% in November, after rising 0.16% in the previous month.

This is the highest monthly rate since June, when the IPCA-15 increased 0.69%, according to data from the IBGE (Brazilian Institute of Geography and Statistics).

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