January 27, 2023
Brazil does not have the most expensive gasoline in the world

Brazil does not have the most expensive gasoline in the world

NS gas price Aroused consumer complaints – a liter can cost up to BRL 8, according to a survey by the ANP (National Agency for Petroleum, Natural Gas and Biofuels). However, Brazil is far from having the most expensive fuel in the world. According to the consulting data GlobalPetrol أسعار PricesThere are 75 countries with higher prices than Brazil.

However, the weight of gasoline for Brazilians is greater than for citizens of other countries. Here, filling a 40-liter tank with gasoline is equivalent to 11% of the average salary. In countries like Norway and Denmark – which are among the countries with the most expensive gasoline – a full tank equates to less than 2% of the average monthly income.

GlobalPetrolPrices are updated weekly with prices in dollars. Values ​​collected by UOL Refers to November 15, converted into Brazilian Real taking into account the November 18 quote in the Central Bank calculator (1 USD = 5.55 Brazilian Real).

The five countries with the most expensive liter of gasoline

  • 1º – Hong Kong – 2.63 USD, or 14.59 BRL
  • 2nd place – Netherlands – $2.26, or 12.53 BRL
  • 3rd place – Norway – 2.205 USD or 12.20 BRL
  • Fourth – Israel – $2,202 or 12.20 BRL
  • Fifth place – Denmark – 2.15 US dollars, or 11.92 Brazilian reals

Countries with similar prices to Brazil

  • 74th place – Jamaica – 1.27 USD or 7.04 BRL
  • 75 – South Africa – 1.26 US dollars, or 6.98 Brazilian reals
  • 76 – Brazil – 1.24 US dollars, or 6.88 Brazilian reals
  • 77 – Philippines – $1.23, or 6.82 BRL
  • 78th place – Thailand – $1,229, or 6.82 BRL

Where is the cheapest fuel?

  • 164º – Algeria – 0.33 USD or 1.83 BRL
  • 165º – Angola – 0.27 USD, or 1.50 BRL
  • 166th place – Syria – 0.23 US dollars or 1.27 Brazilian real
  • 167th place – Iran – 0.06 US dollars, or 0.33 Brazilian real
  • 168 degrees – Venezuela – 0.000 USD (0.10 bolivars), or 0.12 BRL

Why do you weigh more for Brazilians?

Although the gasoline sold in Brazil is not among the most expensive on the planet, it weighs more in the monthly income of citizens here than in other countries.

In Brazil, the cost of filling a 40-liter tank with gasoline is R$275.20, considering the price published by GlobalPetroPrices. This corresponds to 11% of the average monthly salary of Brazilians, which is R$2,489 according to IBGE (Brazilian Institute of Geography and Statistics).

In countries like Norway and Denmark, which are among the countries with more expensive fuel, citizens get a higher monthly income. Therefore, even if the price of gasoline is higher, refueling ends up weighing less on the monthly budget.

According to the site Trade EconomicsThe average salary in Norway is 31,865 BRL (or 50,750 NOK) per month. Thus, the full tank (488 R$) represents only 1.53% of the income.

In Denmark, the ratio is even lower: with an average income of R$36,049 (or DKK 42,592), filling a car with 40 liters of gasoline (476.80 BRL) means spending 1.32% of the salary.

price and income

Raphael Scheuer, professor of finance at FGV (Fundação Getúlio Vargas) in São Paulo, says this reasoning is also valid for other products.

In Scandinavia, for example, the tax burden is high, as is the income. Therefore, in addition to gasoline, other products (beer, rice, etc.) are more expensive.
Raphael Schuser, from FGV

According to him, in the case of gasoline, several factors can influence the price: proximity to the production site; What is the framework of oil refining (fuel production); and product taxes.

In Brazil, the price composition is as follows, according to Petrobras:

  • 2.33 Brazilian Real – Petrobras bonus
  • BRL 1.77 – ICMS, state tax
  • 1.20 Brazilian Real – the value of ethanol mixed with gasoline
  • 0.77 Brazilian Real – Distribution and Resale
  • 0.69 Brazilian Real – Federal Tax

Since 2016, Petrobras Update prices Petroleum products by value in the international market in dollars. As the value of the US currency rose and oil rose, so did the value of gasoline and more fuel, such as diesel and cooking gas.