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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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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.
