Portuguese 
Spanish 
2 min of reading 
Methodology Is Designed to Update the Reference Price for the Different Regions Covered by Decree No. 9,403
The National Agency of Petroleum, Natural Gas and Biofuels (ANP) is using the reference price assessments of diesel fuels and Renewable Volume Obligation (RVO) from S & P Global Platts for the Diesel Subsidy Program for diesel sales in the country. The ANP published a formula in June 2018 based on the Ultra Low Sulphur Diesel (ULSD) and RVO assessments from the Platts US Gulf Coast (USGC) to support the Brazilian President Michel Temer’s decree 9,403 / 2018 detailing subsidies for diesel sales in Brazil.
The ANP formula will be calculated daily and used as a reference price to determine subsidy payments to all market participants selling diesel to fuel distributors, including importers, provided they meet specific requirements.
-
Dona Floripes is 103 years old, drinks Coca-Cola every day, dances alone at home, makes the doctor wait, and says she doesn’t consider herself old because old is what you throw away.
-
Dona Floripes is 103 years old, drinks Coca-Cola every day, dances alone at home, makes the doctor wait, and says she doesn’t consider herself old because old is what you throw away.
-
Dona Floripes is 103 years old, drinks Coca-Cola every day, dances alone at home, makes the doctor wait, and says she doesn’t consider herself old because old is what you throw away.
-
The 7-seater SUV has become an alternative for those who need space without spending much, combining a 260 hp V6 engine, automatic transmission, and the size of a large utility vehicle for less than R$ 80,000: meet the 2012 Hyundai Veracruz.
The methodology is designed to update the reference price for the different regions covered by Decree No. 9,403 / 2018. The reference prices were set in the Decree, and the methodology aims to update those numbers daily.
Vera Blei, Global Director of Oil Markets at S & P Global Platts, said: “The ANP’s decision to use S & P Global Platts benchmark assessments in the Diesel Subsidy Program shows the confidence that Brazil’s energy regulator has in our price reports.” Our pricing assessment processes allow the Platts price benchmarks to be used and respected by the world’s most important energy markets.”
Brazil is among the leading oil and gas producing and consuming countries in the world to use S & P Global Platts as a reference in its national oil sector.
The specific price assessments from S & P Global Platts being used in the ANP formula are ULSD USGC Prompt Pipeline and Renewable Volume Obligation 2018. For more information on these prices, other oil and gas price assessments from S & P Global Platts, and the price assessment methodology, visit the website http: //www.spglobal.com/platts.
Be the first to react!