With Dollar Rise and Increase in Oil Barrel Price in Foreign Market, Petrobras May Raise Fuel Prices Again

Due To The Rise Of The Dollar And Oil Barrel That Is Already At US$ 81, There Is A Risk Of A New Increase In The Price Of Fuels

The possibility of a new increase in fuel prices has returned to Petrobras’ agenda. According to sources from Jovem Pan, there is little room for maneuver for the oil company within its current pricing policy with the international market. With the rise of the dollar and the oil barrel, which is already above the value of 80 dollars, there is a strong possibility of a new increase in diesel and gasoline at fuel stations across the country.

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Oil Barrel Price Closes At 81 Dollars

Last Monday (4), the price of oil jumped three years after OPEC confirmed it would maintain its current production policy with gradual increases. In July, the entity had already reported that supply would increase by 400,000 barrels daily, at least until April of next year, to curb the rise in fuel prices starting August 1.

Brent crude oil closed at $81.26 per barrel, which may impact the prices of fuels sold by Petrobras. Oil in the U.S. closed up $1.74, or 2.3%, at $77.62 per barrel.

OPEC+ has already been pressured by some countries to add more barrels of oil, as demand has recovered faster than expected in some parts of the world.

Fuels Become More Expensive In Several Brazilian States

So far, the most recent change in fuel prices made by Petrobras occurred in the last week of September when fuel prices increased in 18 states.

The states that registered the highest prices were Piauí and Rio Grande do Sul. Check out the complete list of all Brazilian states and their average gasoline prices below:

Petrobras Develops Tool To Monitor Fuel Prices

Due to the constant increase in fuel and cooking gas prices, Petrobras developed the Price Monitor for Fuels by OSP.

The tool records the average prices charged for fuels and will be updated weekly, providing data since July 2001. Therefore, it will be easier to track price adjustments and the evolution of charges. The tool will also help compare fuel expenses against the growth of the Brazilian minimum wage.

This Content Was Developed Based On The Article Written On The Official Jovem Pan Portal