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President Bolsonaro would have “leaked” the reduction in the price of gasoline at the refinery. Initially denied, Petrobras confirms reduction today
As the president, Jair Bolsonaro, had announced on the 5th, Petrobras announced this Tuesday (14/12), the reduction in the average price of selling gasoline at the refinery to distributors, from R$3,19 to 3,09, a reduction of 10 cents, which translates into about 3% reduction, The new prices will be practiced from this Wednesday, the 15th. , for the composition of gasoline sold at gas stations, Petrobras' share in the price of gasoline at the pump will be R$27 per liter on average. “A reduction of R$ 73”, confirms the state-owned company on the values.
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- With the drop in the value of Brent oil, Bolsonaro says that the price of gasoline “has to fall”
- Petrobras invested around BRL 2 billion this year in preventive maintenance, inspecting more than 4000 refinery equipment and maintaining a high level of fuel production
- The most expensive average price of ethanol and gasoline was found at gas stations in Rio de Janeiro, with an increase of more than 10% for biofuel
According to Petrobras, the reduction is a reflection of oil prices on the international market and the stabilization of the devaluation of the real against the dollar.” This change partly reflects the evolution of international prices in the exchange box, which stabilized at a lower level for gasoline”
Apparently, Bolsonaro would have “leaked” this price reduction about a week ago, which was denied the very next day, with the company stating, in an official note, that there was still no certainty about the reduction or not of the final value of the price. Gasoline. The value of gasoline has been subject to successive increases during 2021, which amount to a total of 68% of the amount charged by distributors, rising from R$1,84 at the beginning of the year to the current level.
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Much of this is due, according to experts, to Petrobras' new pricing policy, which includes the variation in the dollar and the international price of a barrel of oil in the composition of the fuel price. It is important, however, to understand that there are other forces at work, in addition to President Bolsonaro and Petrobras, in the composition of the price of gasoline leaving the refinery, and that the inflation process is a situation faced in other countries as well.
Successive increases in fuel prices and their effect on inflation.
Fuels are the main villains of the 2021 inflation, according to data from the IBGE
According to these data, the segment recorded a rise of 45,2% up to November, driven by an increase of 67,4% in ethanol, 42,7% in gasoline and 41,3% in diesel oil.
The increase in fuel prices affects the consumer's pocket in several ways, as this increase forces the value of freight to rise, which becomes a real snowball of increases. The main mode of transporting cargo in Brazil is still road, so the increase in fuel prices ends up having the effect of increasing the price of other products, including food.
According to a survey by the supermarket association made with values up to September, of 35 products consumed in supermarkets, coffee had the biggest increase in 2021, with inflation of 33,9%. Sugar rose 30,3% and eggs 22,5%.
According to the IBGE, meats had several increases. according to cut, between 20 and 30% until September, one of the biggest champions really different during this year was the sweet pepper, with 96,34%.
It is expected that, in the same way as during the rise, the drop in fuel prices will help to stop the inflation process and help the Brazilian economy to recover from the current problems.
