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Abicom states that gasoline in Brazil is, on average, 8% more expensive than abroad, and diesel, 4%.

Written by Paulo Nogueira
Published 17/11/2023 às 13:53
oil, international market, refineries, Petrobras, import, gasoline, diesel, Bahia, Mataripe Refinery, international parity, price, fuels, inflationary, price reduction, Central Bank
On average, gasoline is 8% more expensive in Brazilian refineries compared to the international market and diesel is 4% 11/03/2022REUTERS/Pilar Olivares

The state-owned company could reduce the price of gasoline by R$0,16 per liter and diesel by R$0,19 per liter, the agency pointed out to achieve international parity.

In recent days, the value of oil on the international market has fallen to around US$70 per barrel, while the prices of derivatives in Petrobras refineries in the domestic market remained stable for almost a month. Due to this situation, the Brazilian Association of Fuel Importers (Abicom) believes that opportunities for import are favorable.

According to Abicom, the gasoline in Brazilian refineries is on average 8% more expensive compared to the international market, while the Diesel shows an increase of 4%. At Bahia, where the only relevant private refinery is located, the Mataripe Refinery, the price difference reaches 15% for gasoline and a 1% discount for diesel compared to the international market.

In the refineries of Petrobras, gasoline is 6% more expensive than abroad, and diesel, 5%. According to Abicom, to achieve the international parity, the state-owned company could reduce the price of gasoline by R$0,16 per liter and diesel by R$0,19 per liter.

The Minister of Mines and Energy, Alexandre Silveira, defended that Petrobras reduces fuel prices to help reduce the impact inflationary in the country and allow the Central Bank (BC) to reduce interest rates to stimulate the economy. He suggests that the price reduction could vary between R$0,32 and R$0,42 for diesel, and between R$0,10 and R$0,12 for gasoline.

Impact of the fall of oil price in the national market

In recent days, the value of oil No. international market fell to around US$70 per barrel, while derivatives prices in refineries da Petrobras in the domestic market remained stable for almost a month. Due to this situation, the Brazilian Association of Importers of fuels (Abicom) believes that the opportunities for import are favorable.

According to Abicom, the gasoline nose refineries Brazilian brands are on average 8% more expensive compared to international market, while the Diesel shows an increase of 4%. At Bahia, where the only relevant private refinery is located, the Mataripe Refinery, the price difference reaches 15% for gasoline and a 1% discount for diesel compared to international market.

Already in the refineries da Petrobras, gasoline is 6% more expensive than abroad, and diesel, 5%. According to Abicom, to achieve the international parity, the state-owned company could reduce the price of gasoline by R$0,16 per liter and diesel by R$0,19 per liter.

The Minister of Mines and Energy, Alexandre Silveira, argued that the Petrobras reduce fuel prices to help lessen the impact inflationary in the country and allow the central bank (BC) reduce interest rates to stimulate the economy. He suggests that the price reduction it could vary between R$0,32 and R$0,42 for diesel, and between R$0,10 and R$0,12 for gasoline.

Source: CNN Brazil

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Paulo Nogueira

An electrical engineer graduated from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), I worked for several years in the areas of offshore oil and gas, energy and construction. Today, with over 8 publications in magazines and online blogs about the energy sector, my focus is to provide real-time information on the Brazilian employment market, macro and micro economics and entrepreneurship. For questions, suggestions and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes for this purpose.

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