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

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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 village with 115 inhabitants wants new residents: it offers a house, a job, up to 44 thousand euros in benefits, almost free rent, an annual grant of 8 thousand euros for 3 years, and a 20 thousand euro incentive for businesses in the mountains of Italy.

NASA is offering US$ 750,000 to people from anywhere in the world who solve a problem that could decide survival on Mars: creating food for astronauts without relying on resupply from Earth.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

New microwave that can replace three appliances hits the market: Sharp launches 3-in-1 model that combines air fryer, convection oven, and heating in 0.9 cubic feet for small kitchens

While Brazil has been discussing bullet trains for 16 years, China delivers 5 new high-speed lines in 2026, surpasses 50,000 km of HSR, and moves 1 billion passengers in a single year.

Elon Musk’s internet comes to mobile: Starlink technology connects smartphones without an antenna via satellite, works even without carrier signal, already costs just US$10 extra in the US, and could arrive in Brazil as an included benefit.

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Virus alert on the small island: Tristan da Cunha, without an airport and with only 216 residents, now under attention for hantavirus.

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