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[BUSINESS] · Italy, Brazil · 41 sources

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Fuel prices and consumption surge in Italy and Brazil

Fuel consumption and prices are seeing significant shifts in Italy and Brazil. In Italy, August data from Unem shows gasoline consumption reached a 15-year high for the month, growing by 3% (24,000 tons). Jet fuel consumption also matched a July record with a 5.8% increase. Conversely, diesel prices in Italy have surged following a government decision to reduce diesel excise tax relief, pushing self-service prices toward 2.30 euros per liter. This price volatility contributes to Italy's 3.3% inflation rate, largely driven by energy costs.

In Brazil, diesel S-10 prices reached a high of R$ 7.13 per liter, the highest level since May, according to ANP. This 2.3% weekly increase is linked to rising international oil prices and increased demand during the soybean planting season. While the Brazilian government has implemented subsidies to mitigate costs, the market remains sensitive to global geopolitical tensions.

Entities

ANP · Basilicata · Brazil · Cifarelli · Codacons · Eni · European Central Bank · Istat · Italy · Mimit · Ministry of Enterprises and Made in Italy · Unem

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10 days ago