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Mataripe refinery comes out ahead of Petrobras and reduces the price of gasoline by 5% and diesel by 9%

Written by Valdemar Medeiros
Published 11/07/2022 às 11:18
Mataripe refinery - Bahia - Petrobras - gasoline - diesel - fuel prices - private refinery
Mataripe Refinery - image: Reproduction/Youtube

Brazil's largest private refinery, located in Bahia, is starting ahead of Petrobras, reducing gasoline and diesel prices by around 9%.

the fall of international oil quotes prompted the country's largest private refinery to announce cuts in gasoline and diesel prices. The Mataripe Refinery, operated by the Arab fund Mubadala in Bahia, charged higher prices than Petrobras. The value of gasoline dropped 5,2% and that of S-10 diesel, which has a lower sulfur content, by 9%, according to data from Acelen, a company created by the Arab fund to operate the private refinery, purchased from Petrobras. for R$10,1 billion, which has been under private management since December last year.

Gasoline and diesel prices from the private refinery are reduced

Considering the average value of the readjustments, the company from Bahia sells diesel cheaper than the average value practiced by Petrobras, which is R$ 5,26 against R$ 5,61 per liter. However, gasoline remains higher, with R$ 4,32 charged by Mataripe and R$ 4,05 by Petrobras.

In recent days, in the face of fears about a global recession, international oil prices have fallen sharply, fluctuating around US$ 100, equivalent to R$ 535, per barrel. The scenario eliminated the lag in gasoline and ethanol prices, as well as other fuels.

Last Thursday (7), according to data from the Brazilian Association of Fuel Importers (Abicom), the average price of Brazilian gasoline is at the same level as import parity, a concept used by Petrobras in its pricing policy.

Petrobras has not yet announced new readjustments

Diesel is R$ 0,27 more expensive than the estimated cost of importing the product. It is the second consecutive day without negative lags. Petrobras, however, has not yet announced adjustments to the prices of gasoline and diesel charged by its refineries.

Since the beginning of private management, the company has closely observed fluctuations in the international market. Amid great pressure, Petrobras went as far as 99 days without changing gasoline prices, despite the rise in international prices in the period.

With the drop in oil prices, which reached highs of US$ 140 per barrel, the management of the state-owned company is starting to be asked by supporters of President Jair Bolsonaro to mitigate its fuel sales prices. In notices about readjustments, however, Petrobras states that it monitors international quotations, but that it avoids passing on specific volatilities to the domestic market.

Acelen invests BRL 500 million in the Mataripe Refinery

In April, Acelen announced an investment of R$ 500 million aimed at Mataripe Refinery, in Bahia, with the estimate of generating several jobs. The funds will be invested in the cycle of scheduled maintenance stoppages at the private refinery during 2023.

According to Acelen's vice president of operations, Celso Ferreira, the contribution will be used to generate greater competitiveness for the refinery in Bahia, which was the first to be sold by Petrobras in its divestment program in the refinery segment.

The company's objective is to expand operating levels, which had records of 65% in the last year, to more than 97% of installed capacity. A accelerate believes that, through these investments, it will be possible to generate new products, optimize customer service and expand its production to other markets and optimize, in addition to generating new job vacancies in Bahia.

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Valdemar Medeiros

Journalist in training, specialist in creating content with a focus on SEO actions. Writes about the Automotive Industry, Renewable Energy and Science and Technology

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