National Alert! Gasoline Price Deficiency Threatens Ethanol Consumption in Brazil

Written by Flavia Marinho

Published on 13/04/2023 at 14:48

Updated on 13/04/2023 at 15:00

Usina de etanol – Imagem MoneyTimes

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Despite The Price Policy Of Petrobras Fuel Being An Unknown, The Gasoline Price Is 7% Below Import Parity (PPI)

The Brazilian Association of Fuel Importers (Abicom) alerts to the price gap of gasoline in the Brazilian market that threatens ethanol consumption. According to Abicom’s president, Sérgio Araújo, there is no expectation of a price increase by Petrobras before the Ordinary General Assembly (AGO), scheduled for April 27.

Diesel Is Aligned With Import Price And Petrobras May Increase Gasoline By R$ 0.25 Per Liter In Brazil

The average gasoline price in Brazil is 7% below import parity (PPI), reaching 9% at the Araucária (PR) terminal and 6% in Aratu (BA). To reach parity, Petrobras could increase gasoline by R$ 0.25 per liter in the domestic market. However, Araújo assesses that Petrobras is unlikely to raise gasoline prices now with the pressure on state prices.

Meanwhile, diesel is aligned with the import price and has secured deals, especially with Russian diesel. To maintain relief for consumers, the Brazilian oil giant Petrobras adjusted diesel prices 19 days ago and has kept gasoline prices frozen for 41 days!

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Petrobras Price Policy Is An Unknown But Defends Competitive Values

What will happen with Petrobras’ price policy after the AGO is still a mystery, and the interference of the Minister of Mines and Energy, Alexandre Silveira, last week, did not help the debate on the matter. Silveira stated that the state company’s prices would no longer be linked to the international market, but to an “internal” price of fuels. This theory follows the determination of the President of the Republic, Luiz Inácio Lula da Silva, to “Brazilianize” the state prices.

Petrobras’ president, Jean Paul Prates, has confirmed the intention to end the PPI and to advocate for prices that ensure the competitiveness of the state company in the market, taking regional differences into account.

National Alert! Gasoline Price Deficiency Threatens Ethanol Consumption in Brazil

Despite The Price Policy Of Petrobras Fuel Being An Unknown, The Gasoline Price Is 7% Below Import Parity (PPI)

Diesel Is Aligned With Import Price And Petrobras May Increase Gasoline By R$ 0.25 Per Liter In Brazil

Petrobras Price Policy Is An Unknown But Defends Competitive Values

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

BNDES opens billion-dollar credit of up to R$ 50 million per client for the purchase of trucks, buses, and equipment and promises to accelerate the renewal of the heavy fleet on Brazilian roads.

Pickle juice, molasses, and brewery waste are spread by trucks on frozen roads in Massachusetts to melt ice after a shortage of road salt, repurpose industrial waste, and reduce damage to rivers and lakes used as sources of drinking water.

China places in the sea an 8-story, 25,000-ton steel giant, the largest offshore wind station in the world, capable of transmitting 6 billion kWh per year and bringing clean energy to areas increasingly distant from the coast.

Braking only in front of the radar and accelerating right after may no longer be an option for drivers, because BR-101 in Espírito Santo tested a system that measures the average speed over an entire stretch and caught a car at 124 km/h on a 60 km/h road.

Building a 95-square-meter house in 2026 can start at around R$ 185,000 at the reference base and exceed R$ 330,000 in high standard, but the final cost depends on the land, finishing, fees, and the region, with the South of the country being among the most expensive in Brazil.

National Alert! Gasoline Price Deficiency Threatens Ethanol Consumption in Brazil

Despite The Price Policy Of Petrobras Fuel Being An Unknown, The Gasoline Price Is 7% Below Import Parity (PPI)

Diesel Is Aligned With Import Price And Petrobras May Increase Gasoline By R$ 0.25 Per Liter In Brazil

Petrobras Price Policy Is An Unknown But Defends Competitive Values

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

IBS and CBS regulations change credit reimbursement and raise financial alert in the oil and gas industry

China puts into operation the largest shallow lithology offshore field in the country, with 79 wells, heavy oil, and a production of 20,000 barrels per day.

Petrobras announces an investment of R$ 2.8 billion in Amazonas to expand natural gas production in Urucu and modernize the river fleet, boosting energy, logistics, and the regional economy with new vessels adapted for operation in the Amazon.

BNDES opens billion-dollar credit of up to R$ 50 million per client for the purchase of trucks, buses, and equipment and promises to accelerate the renewal of the heavy fleet on Brazilian roads.

Pickle juice, molasses, and brewery waste are spread by trucks on frozen roads in Massachusetts to melt ice after a shortage of road salt, repurpose industrial waste, and reduce damage to rivers and lakes used as sources of drinking water.

China places in the sea an 8-story, 25,000-ton steel giant, the largest offshore wind station in the world, capable of transmitting 6 billion kWh per year and bringing clean energy to areas increasingly distant from the coast.

Braking only in front of the radar and accelerating right after may no longer be an option for drivers, because BR-101 in Espírito Santo tested a system that measures the average speed over an entire stretch and caught a car at 124 km/h on a 60 km/h road.

Building a 95-square-meter house in 2026 can start at around R$ 185,000 at the reference base and exceed R$ 330,000 in high standard, but the final cost depends on the land, finishing, fees, and the region, with the South of the country being among the most expensive in Brazil.