Brazil Gas Station Prices: Ethanol Becomes Competitive Again in Goiás

According to NovaCana, significant shifts in Brazilian fuel prices were observed during the week of April 5 to 11. Ethanol prices increased in 12 states, while gasoline prices rose in 11 federal units. However, ethanol, as a biofuel, proved to be economically advantageous for consumers in São Paulo, Paraná, Goiás, Mato Grosso, Mato Grosso do Sul, and Roraima. Notably, the price of hydrous ethanol decreased at production plants in Mato Grosso, São Paulo, and Goiás. The National Agency of Petroleum, Natural Gas and Biofuels (ANP) conducted its price survey across 379 Brazilian cities, the same number as the previous week. Between April 5 and 11, both ethanol and gasoline prices saw a decline. Ethanol was traded at R$ 4.69 per liter, a 0.2% drop from the previous R$ 4.70/L. Fossil fuel gasoline, meanwhile, sold for R$ 6.77/L, a 0.1% reduction from R$ 6.78/L, following a week of stability. Consequently, ethanol's value remained within the range considered economically favorable for consumers. According to the ANP, the price ratio between biofuel and gasoline was 69.3%, identical to the previous week. The data released by the ANP considers not only prices at gas stations but also sales volumes, giving larger consumer markets greater representation in the results. Based on state averages, renewable ethanol is economically advantageous in São Paulo, Paraná, Goiás, Mato Grosso, Mato Grosso do Sul, and Roraima. From April 6 to 10, hydrous ethanol was sold by São Paulo plants at R$ 2.7873/L.