How much would gasoline cost if the ICMS were zeroed?

The ICMS freezing measure is an attempt to stagnate part of the rising price of fuel.

By the end of January, fuel prices are expected to fall due to the decision by the states and the Federal District on the ICMS situation. The freezing measure has an effect of 90 days counting from its application.

Petrobras is impacted in points such as resale, distribution costs, federal taxes and expenses with anhydrous ethanol due to current fuel prices.

The state-owned oil company ends up linking dollar and barrel quotations to the readjustments adopted by the new policy. Therefore, values ​​are subject to change.

Check it out in our article, to learn more about the change in fuel value with the momentary stop of ICMS.

Fuel price change

Finally, a percentage is calculated every 15 days on the Weighted Average Price to the Final Consumer (PMPF) and this directly interferes with the ICMS rate. So, this calculation is carried out by the National Agency of Petroleum, Natural Gas and Biofuels (ANP).

With the ICMS frozen, it ends up bringing a little relief to prices, but this will only be continuous if international and dollar prices continue to rise.

The average price of gasoline around the world is US$1.23 per liter, while in Brazil this average is US$1.14. The value is also no different for Diesel, with the world average price being US $1.12 and, in Brazil, US $0.89.

Table with the price of Gasoline in the Brazilian states

Petrobras performs the readjustments according to the exchange variation. So, in the year 2021, diesel in refineries had a cumulative increase of 65.3% and 73.4% of gasoline.

Like this post? Want to know more? Check out: How to calculate fuel consumption and control your car expenses