Petrobras reduces gasoline sales prices for distributors

Petrobras announced today a reduction in the price of gasoline for distributors from R$4.06 to R$3.86 per liter. According to a statement released by the state-owned company, the reduction of R$ 0.20 is already valid as of tomorrow (20). The reduction corresponds to a 4.9% drop in the value of fuel.

According to the company, Petrobras’ share of the consumer price will rise from R$2.96, on average, to R$2.81 for each liter sold at the pump.

“This reduction follows the evolution of international reference prices, which stabilized at a lower level for gasoline, and is consistent with Petrobras’ pricing practice, which seeks to balance its prices with the global market, but without passing it on to the internal prices of the cyclical volatility of international quotations and the exchange rate”, says the company’s note.

It is worth mentioning, however, that the amount charged to consumers, that is, the price of the pumps, depends on the taxes and profit margins of the distributors.

This was the first time that Petrobras reduced the price of gasoline since December last year, when the reduction was 3%, and it is the first readjustment under the management of Caio Paes de Andrade, who assumed the presidency of the state-owned company at the end of the last month.

In June, the increase in fuel was 5.2%. At the time, diesel also rose 14.3% — now, he had no readjustment.

After the Petrobras statement, President Jair Bolsonaro (PL) took to social media to comment on the reduction and again said that Brazil will have the “cheapest gasoline in the world”. The representative had already made the same statement earlier this month during a motorcycle ride in Salvador, Bahia.

Gasoline has the lowest value since September 2021, says ANP

According to the ANP (National Petroleum Association), the price of fuel has been falling in recent weeks, and according to the agency’s latest survey, the average price of a liter of gasoline dropped from R$6.49 to R$6, 07, down 6.5%, the lowest since September 11, 2021.

The reduction in the value of diesel, however, was smaller, according to the agency. The average price of a liter of fuel fell from R$7.52 to R$7.48, a 0.5% decline. Ethanol, in turn, went from R$4.52 to R$4.41, which means a reduction of 2.4%.

Source: Uol