After Facing Constant Criticism for Excessive Fuel Price Increases, Petrobras Gives In and Reduces Gasoline Price for Distributors, Easing the Burden on Consumers

Written by Flavia Marinho

Published on 21/07/2022 at 10:46

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Petrobras’ Share of the Consumer Price Will Drop from R$ 2.96, on Average, to R$ 2.81 for Each Liter Sold at the Pump.

After constant spikes in fuel prices, Petrobras yields to pressure and reduces the gasoline price by R$ 0.20 per liter. As of yesterday (07/20), the average selling price of Petrobras gasoline for distributors dropped from R$ 4.06 to R$ 3.86 per liter.

According to Petrobras, considering the mandatory mixture of 73% gasoline A and 27% anhydrous ethanol for the composition of gasoline sold at service stations, the state-owned company’s share of the consumer price will drop from R$ 2.96, on average, to R$ 2.81 for each liter sold at the pump.

Petrobras Seeks to Balance Its Prices with the Global Market

According to Petrobras’ report, the reduction follows the evolution of international reference prices, which have stabilized at a lower level for gasoline, and is consistent with the company’s pricing practice, which seeks to balance its prices with the global market, but without passing on the internal price effects of the short-term volatility of international quotations and the exchange rate.

Transparency is Key

In order to contribute to price transparency and better understanding by society, Petrobras publishes information on its website regarding the formation and composition of consumer fuel prices. Petrobras invites you to visit precos.petrobras.com.br

ARTICLE CONTINUES BELOW

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After Facing Constant Criticism for Excessive Fuel Price Increases, Petrobras Gives In and Reduces Gasoline Price for Distributors, Easing the Burden on Consumers

Petrobras’ Share of the Consumer Price Will Drop from R$ 2.96, on Average, to R$ 2.81 for Each Liter Sold at the Pump.

Petrobras Seeks to Balance Its Prices with the Global Market

Sectoral Committee for Monitoring National Fuel Supply Raises Alert for Possible Diesel Shortage in the Second Half of the Year

To Avoid Supply Shortages, ANP Proposed to Increase Diesel Operational Stocks at Distributors

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After Facing Constant Criticism for Excessive Fuel Price Increases, Petrobras Gives In and Reduces Gasoline Price for Distributors, Easing the Burden on Consumers

Petrobras’ Share of the Consumer Price Will Drop from R$ 2.96, on Average, to R$ 2.81 for Each Liter Sold at the Pump.

Petrobras Seeks to Balance Its Prices with the Global Market

Sectoral Committee for Monitoring National Fuel Supply Raises Alert for Possible Diesel Shortage in the Second Half of the Year

To Avoid Supply Shortages, ANP Proposed to Increase Diesel Operational Stocks at Distributors

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

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.

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.

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.

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