2023-10-11 16:07:01
In September, the average price of ethanol represented 68.4% of the average price of gasoline, marking a level below the 70% mark. This is the lowest level recorded since October 2018, when it reached 67.9%.
This information is provided by Panorama’s Flex Cost-Benefit Indicator Veloe of Mobility Indicators.
Due to the increase in gasoline prices throughout the year, ethanol has become a more advantageous alternative for fueling flex-fuel vehicles. Year-to-date, the price of ethanol registered a drop of 4.3%, in contrast to the 15.9% increase in the average price of regular gasoline. In the comparison between September 2023 and August 2023, gasoline increased by 2.1%, while ethanol increased by just 0.5%.
Ethanol price is the lowest it has been in years. Photo: Disclosure
In Brazil, the biggest advantage of ethanol was observed in the state of Mato Grosso, where a liter of ethanol cost 59.2% of the price of gasoline. On the other hand, in Rio Grande do Sul, gasoline proved to be more advantageous, with the ratio between the two fuels reaching 83%.
The preference for ethanol is even more evident on average in the capitals, reaching 67.8%, especially in locations in the Southeast, such as São Paulo, with 61.8%, and in the Central-West, such as Cuiabá, with 59.4%.
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