In recent months, however, there has been a drastic change in the cost of gasoline as prices have started to fall, but is this too good to be true?
Current Gasoline Price
With the price of gasoline currently at around R$5.03 per liter and the price of diesel at R$6.16 per liter, people are asking how far will fuel prices fall? Or will we be in for a nasty surprise with prices spiking again?
So far, it looks like good news for drivers, as the price of crude oil is the lowest in more than five years and, as a result, Brazil’s major gas stations and, in particular, Brazil’s biggest supermarkets country, is now more competitive than ever in the fight to offer the lowest price.
Since oil prices began to fall drastically in the summer of 2022 and with OPEC (Organization of Petroleum Exporting Countries) announcing its latest strategy in which it asserts that oil prices will rise.
In the long term they will be kept as low as possible, there is no reason why drivers can’t and won’t be enjoying lower prices for at least a while!
How long will this good change last
While there is no guarantee that fuel prices will fall below the currency, it appears that things are headed that way and considering that fuel costs haven’t been this low since 2006, it’s definitely good news for drivers.
Unlike previous declines, fuel prices are decreasing significantly across Brazil, whether at a national gas station, local gas station or at supermarket gas stations in Brazil.
Which means that as a driver you won’t need to drive hundreds of miles to fill up!
As mentioned, the next few weeks will likely bring even more price drops, which means less panic buying for those who drive to and from work or those who actually drive to work!
There’s something worth noting here too, that these companies with fleets of drivers and of course these fuel cards, there are a lot more savings to be made now.
And in the near future and if you are in the hands of the right gas station management company, then even better!
After what felt like a lifetime of struggling with high prices, it looks like things are finally going the right way for drivers everywhere!
We hope that fuel prices continue to fall and stay that way!