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In National Territory, Gasoline and Diesel Prices Decrease Due to Coronavirus
Gasoline and diesel prices at Brazilian gas stations decreased this week, interrupting a series of increases, after Petrobras announced two cuts in refinery quotes in recent weeks. Data from the National Petroleum Agency (ANP) was released this Friday.
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Petrobras Information on Gasoline Prices
Petrobras reduced diesel and gasoline prices last week and this Friday, amid a drop in oil prices in the international market due to fears of the impact of a new coronavirus outbreak in China on oil demand.
In an interview, Petrobras’ assistant administrator said: “As long as this threat is imminent to human life, many people will remain sheltered in their homes; thus, we will not have many workers, as the priority is human life”.
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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.
Thus, Petrobras’ diesel has accumulated a 10% decrease this year, while gasoline has decreased approximately 7% so far in 2020. At the pumps, gasoline was sold at an average of 4.580 reais per liter this week, a decrease of 0.3% compared to the previous week, interrupting a streak of increases.
The Most Used Fuel in Brazil – Gasoline Price
As is commonly known, diesel is the most used fuel in Brazil. It was sold at an average of 3.778 reais per liter, a decrease of 0.58%, also interrupting a series of weekly increases. Consequently, hydrated ethanol, a competitor of gasoline at the pumps, advanced 0.09%, averaging 3.250 reais per liter. The information released by the media so far indicates that the price reflects the growth of the new epidemic, popularly known as coronavirus.
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