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Despite Oil Self-Sufficiency Brazilians Pay US$ 3.4 a Gallon for Gas

Gas station in Brazil

Gas station in Brazil While Brazil, which is self-sufficient in oil, charges US$ 0.91 a liter (US$ 3.44 a gallon) for premium gasoline, and Venezuelans pay 4 cents a liter (15 cents a gallon), Uruguay with no oil or gas reserves has the highest fuel prices in Latin America: US$ 1.35 a liter (US$ 5.10 a gallon).

Compare this to the top values such as Holland where premium at the pump costs US$ 1.91 a liter (US$ 7.22 a gallon). Americans, on the other hand, are paying in average US$ 3.09 a gallon for the product.

Fuel prices in Uruguay are set by the government owned oil refining company, ANCAP, based on international crude oil estimates and vary, up or down, a given percentage of a fixed monthly estimate.

ANCAP's reference is West Texas Intermediate and so far this month has been floating at an average 63.33 US dollars the barrel, 2.83 US dollars above the April ANCAP reference so a new hike is expected any moment.

Fuel prices in Uruguay last increased on March 8 with premium gasoline soaring 9.7% and gas oil, 35.4%. The current administration is also trying to cut the difference between gasoline and gas oil prices since policy so far has been that the mix of prices favored fuel for diesel engines, mostly used for public transport and in agriculture

Premium gasoline which in Uruguay currently costs at the pump the equivalent of US$ 1.35, in Argentina sells at US$ 0.65 US; Brazil US$ 0.91; Chile, US$ 0.95; Cuba, US$ 0.90; Nicaragua, US$ 0.77; Panama, US$ 0.65 and Puerto Rico, US$ 0.52 per liter.

However in oil rich Venezuela, ruled by populist President Hugo Chavez, premium sells at four US cents a liter.

Argentina has had fuel prices frozen since 2002, (Premium at 65 cents) which means it has become a natural magnet for gasoline consumers from neighboring countries: Uruguay, Brazil, Chile and Paraguay, who regularly cross to fill their tanks.

Worldwide and according to a report from OPEC (Organization of Petroleum Exporting Countries) some of the countries with the cheapest fuel prices include Nigeria, 11 cents per liter; Egypt, 19 cents; Kuwait, 23 cents and Saudi Arabia 27 US cents per liter. On the other end is Holland, 1.91; Norway, 1.84 and Italy, 1.76 US dollars per liter.

Taxes are also one of the main components of fuel costs at the pump, which in Uruguay are close to 70%.

Mercopress, Bzz

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  • Show Comments (6)

  • AES

    If you own a car in Brazil you can afford the gas, the tax of which, subsidizes a variety of governmental programs
    The Dwight D. Eisenhower National System of Interstate and Defense Highways, commonly called the Interstate Highway System, is a network of highways (also called expressways) in the United States. The Interstate Highway System is a separate system within the larger National Highway System. The entire system, as of 2004, had a total length of 46,837 miles (75,376 km) [1].

    The interstate highway system was the most important public works project in United States history

    In addition to making it easier and quicker for average Americans to drive, interstates also made it faster and cheaper for businesses to move goods around the nation and led to a huge boom in the trucking industry. Today, 2 million trucks travel the interstates and move more than 10 billion tons of goods, compared with 120,000 trucks hauling half a billion tons when Eisenhower signed the bill.

    “Commerce is the biggest impact the interstate system had
    The interstate boom brought with it an economic boom, particularly for the highway construction, oil and automotive industries. But it also benefited the tourism industry and helped drive the growth of fast-food outlets, national motel chains and business districts built around off-ramps — even in the middle of nowhere.

    While Interstate Highways usually receive substantial federal funding and comply with federal standards, they are owned, built, and operated by the states in which they are located

    About 56%[5] of the construction and maintenance costs are funded through user fees, primarily gasoline taxes, collected by states and the federal government, and tolls collected on toll roads and bridges. The rest of the costs are borne by the federal budget.

  • Cornelius

    Gas prices at the pump
    Canada that sells more oil (mostly US owned )to the the USA than Venezuela does. Our prices at the pump are $1.03-$1.25 per ltr. Billions of profits go to US oil companies. Venezuela’s publicly owned oil get something like 80% of profits from it’s oil and allows govt. to reduce poverty 25% while spending billions on medicare and education,while gas at the pump is only 4 cents .Canada suckered into signing an unfavourable trade deal with the US sold us out.

  • ch.c.

    Simple confirmation to an American in Rio……
    that Brazilians are liars and cheaters !!!!!

    Better yet fuel is even more expensive in the interior of the country !

    Great for the Mato Grosso Farmers ! Isnt it ?
    Great for the transportation costs of grains….from Mato Grosso and other states ! isnt it ?????

    Here is a prime news that few brazilians know :
    The chicken farms in Northeast Brazil import most of their grains….FROM ARGENTINA !!!!!
    Why ?
    Because the transportation costs is 40 Reais per ton when imported from Argentina……and Reais 230.- per ton from Goias and Tocantins !
    For more infos anyone can see the video at the site of Globo Rural !!!!!!

    Impressive these Brazilians !!!!!! They are just Full of Air ! And they sing like chicken of how performing they are !!!!!!

  • conceicao

    The situation described in Uruguay where the government-owned refiner sets pump prices is what concerns me about Petrobras controlling 97% of Brasil’s refinery capacity. The Ipiranga deal
    would make the situation worse in my opinion, but at least the antitrust authorities have stepped up to question at least some aspects of the deal. With Petrobras so large and successful, I think
    the Brasilian government could “afford” to lok at requiring Petrobras to spin off some domestic assets, including refineries, as a political statement going forward that market price mechanisms will
    be the primary determinant of domestic energy prices.

  • Ric

    “premium gasoline”? ThatÀ‚´s a laugh.

    Avgas is seven dollars a gallon in most areas in Brazil.

  • American in Rio

    Did Gas go Down?
    If my math is correct, gasoline here is about USD $4.90 a gallon. Thankfully my car (suv) uses diesel!

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