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After Petrobras Adjustment, It Is Possible to Find Gasoline at Some Gas Stations for Up to R$ 9 in Paraná
The price of gasoline reached R$ 9 at a gas station in Curitiba, the capital of Paraná. This may be the highest price in Brazil at the moment, and the high sale of fuel was already expected after Petrobras announced another adjustment on the 8th of this month, which also includes cooking gas. One of the reasons for the rise in fuel prices is related to the price parity used by Petrobras, which links fuel adjustments to fluctuations in the dollar and also to international oil prices.
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Petrobras and Federal Government Comment on Fuel Adjustment
The increase in Paraná is 7.19% in the price of gasoline, which, according to Petrobras, managed to keep prices stable without causing shortages for 58 days. In relation to cooking gas, the increase was 7.22%, with the price going from R$ 3.60 to R$ 3.86 per kg.
According to the state-owned company, the adjustments in fuel prices are a result of the rise in international oil price levels, impacted by limited supply due to increasing global demand, and the exchange rate, given the strengthening of the dollar worldwide. Regarding the gasoline increases, President Jair Bolsonaro stated that he cannot freeze price increases based on “pen strokes,” during the 1st Brazilian Niobium Fair, which was held in Campinas.
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The prospector who heard about the advance of soy in Maranhão and opened a grocery store in Balsas in 1986 transformed that small store into Grupo Mateus, the third largest supermarket in Brazil, with revenues of R$ 43.5 billion and 490 units.
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Fiserv, the world’s largest payment processor, has just inaugurated its first factory outside Asia in Brazil. The unit in Betim (MG) will produce 100,000 Clover payment terminals per year and is part of a US$100 million investment that includes technology and expansion until 2027.
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Fiserv, the world’s largest payment processor, has just opened its first factory outside Asia in Brazil. The unit in Betim (MG) will produce 100,000 Clover payment terminals per year and is part of a US$100 million investment that includes technology and expansion until 2027.
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Pix could become a headache between Brazil and the US, and the Lula government will go to the White House to explain the system before pressure mounts.
Contracts Cannot Be Torn Up
Bolsonaro also stated that he wants the country to be self-sufficient in the fuel sector, and it is not possible for contracts to be torn up. “So why are prices tied to the dollar? Do I have the capacity to tear up contracts now?” the president declared. In conclusion, Bolsonaro noted that European countries are also suffering from high fuel prices.
The price of cooking gas in the United Kingdom has risen by 300%. The president of the country also stated that supplies in various countries have already begun to become scarce and emphasizes that shortages are worse than inflation. “There, no one is screaming for the president to resign or face impeachment,” concluded Bolsonaro.
Paraná Registered High Prices for Gasoline Last Month
Last month, drivers in the South region felt the most impact when refueling with gasoline, as the region recorded the highest increase in the country last month.
The average price of gasoline in Paraná was R$ 5.940, second only to Rio Grande do Sul, which was above R$ 6. Ethanol was also not left behind, recording a price of R$ 4.858, also behind RS at R$ 6.132. Meanwhile, common diesel in Paraná was priced at around R$ 5.586.
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