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Petrobras announces a reduction in the price of gasoline by 6.1% and diesel by 8.1%

Petrobras announces a reduction in the price of gasoline by 6.1% and diesel by 8.1%
Petrobras announces a reduction in the price of gasoline by 6.1% and diesel by 8.1%

Rio, 6th – Petrobras announced in the early afternoon of this Tuesday, 6th, reductions in the average prices of gasoline and diesel sold to distributors in its refineries. As of Wednesday, the 7th, the price of gasoline will be reduced by 6.1%, from R$ 3.28 to R$ 3.08 per liter, a reduction of R$ 0.20 per liter.

“Considering the mandatory blend of 73% A gasoline and 27% anhydrous ethanol for the composition of gasoline sold at service stations, Petrobras’ share in the consumer price will be, on average, R$ 2.25 for each liter sold at the pump ”, the company said in a statement.

It was the first time that Petrobras readjusted the price of gasoline in just over three months. The last change in fuel prices came on September 1, down 7%, so the fourth in a series of four declines since mid-July.

The state-owned company also informed that it will reduce the price of diesel A in its units from Wednesday, this time by 8.1% or R$ 0.40 per liter. The average price of fuel then goes from R$ 4.89 to R$ 4.49 per liter.

“Considering the mandatory mixture of 90% diesel A and 10% biodiesel for the composition of the diesel sold at the service stations, Petrobras’ share in the consumer price will be, on average, R$ 4.04 for each liter sold at the pump” , informed Petrobras.

The last diesel reduction took place on September 19, a 5.8% drop in prices, so the third drop in a series of three discounts started in August.

PPI

According to the state-owned company, the reductions accompany the evolution of reference prices, the import parity price (PPI), and are “coherent” with Petrobras’ pricing practice. The policy, he informs, “seeks to balance its prices with the market, but without transferring the situational volatility of quotations and the exchange rate to domestic prices”.

Since mid-November, international prices for gasoline and diesel have cooled in line with oil, which makes room for further reductions.

Petrobras monitors the PPI, but, in 2022, adjusted the pricing method to shield the domestic market from the volatility of the world market, as explained on Monday by company executives to members of the transition team of the elected government, of Luiz Inácio Lula da Silva da Silva (PT).



The article is in Portuguese

Tags: Petrobras announces reduction price gasoline diesel

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