The Government is currently seeking an additional reduction in the price of diesel and ethanol at the pumps, since the price of gasoline has been dropping significantly when compared to other prices. fuels. In this logic, governors of some states announced a reduction in ICMS (Tax on Circulation of Goods and Services) for hydrous ethanol.
Because of this, it is already possible to identify a reduction in ethanol prices at several fuel stations in several states of the country. To learn more about this change, check out the full article!
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Fall in ethanol prices
In the last week, it was possible to account for a drop in the average prices of hydrous ethanol in 26 states and in the Federal District, according to the survey carried out by the National Agency of Petroleum, Natural Gas and Biofuels (ANP).
The governor of Minas Gerais, Romeu Zema (Novo), for example, announced the reduction of the ICMS rate on ethanol, which had remained the same since January 2018, from 16% to 9.29%. Thus, this reduction also aims to maintain the competitiveness of biofuel – an important generator of jobs in Minas Gerais.
In this state, it was possible to identify the lowest value of ethanol: R$ 3.390 per liter. For the rest of the country, in the stations surveyed by the ANP, the average price of ethanol fell by 2.43% in the week, compared to the previous week. In São Paulo, it went from values such as R$ 4,210 to R$ 4,120 per liter.
Roraima was the federation unit with the biggest percentage drop of the week. Thus, a liter of this fuel went from R$ 6,120 to R$ 5,520, representing a decrease of 9.8%.
Ethanol competitiveness
Ethanol remained more competitive than gasoline in just two states last week: Mato Grosso and São Paulo, according to the survey carried out by the ANP. The parity tends to remain in the range of 64% to 69% in states such as Mato Grosso and São Paulo.
Depending on the vehicle used, experts point out that ethanol can be competitive with a parity greater than 70%.