Portuguese 
English 
Spanish 
2 min of reading 
0 comments 
New Diesel Price Takes Effect This Tuesday (1st) and Represents Significant Drop in Fuel Price
Petrobras informed this Monday (31) that it will reduce the price of diesel at distributors. The change will take effect this Tuesday (1st). The cut will be R$ 0.17 per liter, representing a decrease of 4.78%.
Drop Reaches Distributors
With the new reduction, the average price of diesel A at distributors will be R$ 3.55 per liter. The previous value was R$ 3.72. This decrease is another adjustment made by the state-owned company since the end of 2022.
According to Petrobras, since December 2022, the price of diesel has fallen R$ 0.94 per liter. This represents a cumulative decrease of 20.9%.
-
Oil moves trillions worldwide, dominates energy generation, and continues to be a strategic resource for major global powers.
-
United States intercepts six Iranian vessels in the Strait of Hormuz and April ceasefire is once again threatened
-
Venezuela sits on almost 20% of the planet’s proven oil, but exploring the Orinoco Belt could turn the world’s largest reserve into a climate, environmental, and industrial problem.
-
Petrobras approved the final investment decision for SEAP I (Sergipe Deep Waters), opening a new production frontier in the Northeast: Total investment for the two modules (SEAP I + SEAP II) exceeds R$ 60 billion, with an estimated production of more than 1 billion barrels of oil equivalent.
Still, the current price does not fully compensate for the increase of R$ 0.22 applied in January this year. The reduction now announced is partial, according to assessments by industry analysts.
Price at Pumps Could Drop by Up to R$ 0.15
At the gas stations, the final consumer may feel a drop of up to R$ 0.15 per liter. This value considers the mandatory blend of 86% diesel A and 14% biodiesel, known as diesel B. Thus, Petrobras’s share in the consumer price will be R$ 3.05 per liter.
However, the final price at the pumps depends on other factors. In addition to the amount passed on by Petrobras, the price of diesel includes federal taxes (PIS and Cofins), the ICMS charged by states, the cost of biodiesel, and distribution and resale margins.
Diesel Is Still Above Parity
According to data from the Brazilian Association of Fuel Importers (Abicom), Petrobras’s diesel was still R$ 0.08 above international parity this Monday (31). In other words, even with the cut, the price remains slightly above the global market.
The price parity policy takes into account import and export costs, as well as exchange rate variations and oil prices in the international market.
Impact Could Reach the Consumer
Since most products in Brazil are transported by trucks, the drop in diesel prices could influence inflation. The government is closely monitoring this relationship.
Experts explain that the impact varies from product to product. Food, for example, is more affected by transportation costs than items such as appliances, electronics, or automobiles.
The expectation is that the new reduction will bring some relief, even if small, to consumers’ pockets.
Be the first to react!