Gasoline prices ended August with a slight drop.

In August, the average price of gasoline in Brazil registered a slight decrease of 0.16% compared to July, reaching R$ 6.34, the lowest value since January. Meanwhile, ethanol maintained stability, with an average of R$ 4.36, according to the Edenred Ticket Log Price Index (IPTL), a survey that consolidates fuel prices at over 21,000 stations in the country. The month also marked the beginning of the distribution of E30, gasoline with 30% ethanol in the mixture. “With the increase in the proportion of ethanol in the mixture, gasoline reached the end consumer with a slightly lower cost, since the biofuel has a lower price than the petroleum derivative and made the composition more competitive. Hydrated ethanol, sold directly at the pumps, remained stable, reflecting a balanced market, without significant pressure from supply or demand,” details Renato Mascarenhas, Director of the Supply Network at Edenred Mobility. With a higher proportion of ethanol, gasoline reached the end ...