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!

ARTICLE CONTINUES BELOW

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

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

Seen from space, an image taken by an astronaut shows in Argentine Patagonia the exact point where a colossal glacier, a turquoise-blue lake, and a greenish arm of water meet, creating one of the rarest and most impressive landscapes in the region.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

On the edge of a huge cliff in China, a bookstore built into a 100-million-year-old cliff becomes an impressive attraction with rows of books embedded directly into the rock.

Japanese destroyer crosses the Taiwan Strait, and China did not like this at all and reacted.

As if building a hospital in 10 days wasn’t enough, China now surprises the world by transforming a jet into an airborne hospital with surgeries and care on board.

India has connected for the first time a nuclear reactor that generates more fuel than it consumes — it produces 500 MW, cost nearly $1 billion, took 22 years, and places the country among the few with this technology in the world.

Suape Port is receiving R$ 15.8 billion to become the largest green hydrogen hub in Latin America — and a partnership with China promises an additional R$ 8 billion.

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

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

Seen from space, an image taken by an astronaut shows in Argentine Patagonia the exact point where a colossal glacier, a turquoise-blue lake, and a greenish arm of water meet, creating one of the rarest and most impressive landscapes in the region.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

The government will pay R$ 1.20 for each liter of diesel that Brazil imports and for the first time in history requires distributors to reveal how much they profit — those who hide their margins will face fines of up to R$ 500 million…

Under kilometers of water, rock, and salt, Brazil hides a colossal wealth that led an official guide from the U.S. government to recognize the country as the owner of the largest ultra-deep oil reserves in the world.

Iran said that the Strait of Hormuz is open, but in practice only 1 non-Iranian oil tanker managed to cross in 24 hours — before the blockade, 100 ships passed per day.

Petrobras completes 1,300 hours of work and 15 km of subsea lines to connect the Búzios 90 well to the P-79 — the platform is ready to produce 180,000 barrels per day and is just awaiting ANP approval.

Iran declares the Strait of Hormuz completely open this Friday, and the price of oil plummets nearly 10% in a few hours — the largest drop since the beginning of the conflict.

On the edge of a huge cliff in China, a bookstore built into a 100-million-year-old cliff becomes an impressive attraction with rows of books embedded directly into the rock.

Japanese destroyer crosses the Taiwan Strait, and China did not like this at all and reacted.

As if building a hospital in 10 days wasn’t enough, China now surprises the world by transforming a jet into an airborne hospital with surgeries and care on board.

India has connected for the first time a nuclear reactor that generates more fuel than it consumes — it produces 500 MW, cost nearly $1 billion, took 22 years, and places the country among the few with this technology in the world.

Suape Port is receiving R$ 15.8 billion to become the largest green hydrogen hub in Latin America — and a partnership with China promises an additional R$ 8 billion.