Gasoline Jumps 52.6% in Amazonas After Refinery Privatization: Price per Liter Exceeds R$ 7.00, Hitting Consumers Among the Most Affected in Brazil

Written by Noel Budeguer

Published on 16/09/2025 at 16:55

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The Privatization of Ream Transformed Manaus into a Logistics Base, Ruined Local Refining, and Caused Gas Prices to Spike in Amazonas, with an Increase of 52.6% and Prices Already Above R$ 7.00

The price of gasoline in Amazonas has skyrocketed since the privatization of the Manaus Refinery (Ream), turning consumers’ lives into a true challenge.

According to data from the Inter-Union Department of Statistics and Socioeconomic Studies (Dieese), released by the subsection of the Unique Federation of Oil Workers (FUP), the accumulated increase has reached 52.6% since 2022.

The liter, which cost R$ 4.60 in December of that year, reached R$ 7.02 in August 2025, placing the region among the most expensive in the country for fuel.

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A report from the Institute of Strategic Studies on Oil and Gas (Ineep), published on September 15, confirmed that the North Region recorded the highest national average price: R$ 6.19 per liter.

States like Amazonas and Acre pulled this average, in contrast to the Southeast, where the price stood at R$ 6.05.

From Refinery to Logistics Base

Before the privatization, Ream processed over 900,000 barrels of oil per month, particularly focusing on the production of Urucu (AM). However, by 2025, activity had dropped to symbolic levels: only 296,000 barrels in March and 114,000 in April.

Today, under the control of the Atem group, the unit mainly functions as a storage terminal, ceasing oil refining and increasing reliance on derivatives coming from other regions.

For Deyvid Bacelar, general coordinator of FUP, this change has further increased logistics costs. “Consumers in Amazonas are already among those who pay the most for gasoline and cooking gas in the country. The loss of local refining has only worsened this scenario,” he stated.

Aerial image of the Manaus Refinery (Ream), which after privatization in 2022 drastically reduced its refining activity and began to operate mainly as a logistics base, contributing to the 52.6% increase in gasoline prices in Amazonas

Document Sent to Lula

The FUP and the Oil Workers Union of Amazonas (Sindipetro-AM) delivered to President Luiz Inácio Lula da Silva a report detailing the impacts of privatization. The document points out:

abrupt drop in refining activity;
greater dependence on imports;
considered abusive prices;
mass layoffs and precarization of labor;
billion-dollar losses for the state finances;
risk of the unit becoming just a storage terminal.

Proposed Alternatives

Among the suggested measures, the entities advocate two main paths: reversing the privatization, reincorporating the refinery into Petrobras, or establishing a partnership with the Atem group to resume processing Urucu oil in Manaus.

According to Bacelar, these actions could reduce logistics costs, create qualified jobs again, and strengthen the regional economy.

In addition, the document calls for the inclusion of Amazonas in the national energy strategy, with Petrobras taking on a central role in the refining sector and ensuring more affordable prices for the population.

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Gasoline Jumps 52.6% in Amazonas After Refinery Privatization: Price per Liter Exceeds R$ 7.00, Hitting Consumers Among the Most Affected in Brazil

The Privatization of Ream Transformed Manaus into a Logistics Base, Ruined Local Refining, and Caused Gas Prices to Spike in Amazonas, with an Increase of 52.6% and Prices Already Above R$ 7.00

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

From Refinery to Logistics Base

Document Sent to Lula

Proposed Alternatives

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Gasoline Jumps 52.6% in Amazonas After Refinery Privatization: Price per Liter Exceeds R$ 7.00, Hitting Consumers Among the Most Affected in Brazil

The Privatization of Ream Transformed Manaus into a Logistics Base, Ruined Local Refining, and Caused Gas Prices to Spike in Amazonas, with an Increase of 52.6% and Prices Already Above R$ 7.00

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

From Refinery to Logistics Base

Document Sent to Lula

Proposed Alternatives

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At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

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The end of total solar eclipses has a deadline: the Moon is moving away from the Earth at about 3.8 cm per year, and in approximately 600 million years, it will no longer completely cover the Sun, ending one of the rarest coincidences in the Solar System.

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