Cooking Gas Prices Decrease: Petrobras Will Cut Prices This Saturday

Petrobras Decided To Lower Cooking Gas Prices Due To The Virus Affecting The Region Of China

Petrobras announced on the afternoon of this Friday (02/07/2020) that it will reduce the prices of LPG (liquefied petroleum gas) by 3% starting this Saturday (02/08/2020). The reduction will apply both to the gas used in households, in 13-kilogram cylinders, and to that used by commerce and industry. Petrobras will lower LPG prices, both for residential use in 13-kilogram cylinders and for industrial and commercial use by 3% starting this Saturday, at its refineries and base. As a result, the price reduction at refineries will be approximately R$ 0.85 per cylinder.

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First Price Change By Petrobras On Gas

This is the first change in LPG prices made by the company this year. The last time was on December 27 of last year when it increased LPG prices by an average of 5%. Meanwhile, gasoline and diesel have had four price reductions at refineries this year, mainly due to the sharp drop in oil prices in the international market affected by the coronavirus epidemic.

The reduction in fuel prices at Petrobras refineries is primarily motivated by the sharp drop in oil prices in the international market due to the threat to the global economy from the coronavirus epidemic. Earlier this year, after a US attack that killed Iran’s top military commander, Qassem Soleimani, oil prices reached US$ 70 per barrel.

Finally, this Saturday, oil is being quoted in the international market at US$ 54.75 per barrel. On the other hand, the recent increase in the dollar also has a negative impact on Petrobras prices.