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Gasoline Is Leaving Petrobras Refineries at an Average of 91 Cents

Written by Paulo Nogueira
Published on 22/04/2020 at 08:25
Updated on 22/04/2020 at 09:01
Petrobras Gasolina Preço Combustíveis
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Petrobras and a few other global oil operators have never seen a negative impact in the downstream sector of this magnitude. The drop in fuel demand caused prices to fall, even being traded at negative prices because there is too much raw material with nowhere to store it.

With low consumption, it was expected that the price of gasoline and diesel at refineries would drop, and that is what happened. But the same logic did not apply to the end consumer:

Today, the price of gasoline at Petrobras’s refinery is 91 cents. Unfortunately, I do not see this drop reaching the pumps. Over the weekend, I saw regular gasoline at 4.99. It is a very large distance. It means there was some drop at the stations, but minimal compared to the refinery price.” said the president of Petrobras in an interview with the website O Antagonista yesterday (21).

It was a drop of 52.3% (almost half) in the average in Brazil and globally; despite this, Petrobras is still exporting a lot of maritime fuel, with low sulfur content. The demand for LPG (Liquefied Petroleum Gas) has grown during this period.

Paulo Nogueira

Graduated in Electrical Engineering from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), he worked for several years in the offshore oil and gas, energy, and construction sectors. Today, with over 8,000 publications in online magazines and blogs on the energy sector, the focus is to provide real-time information on the Brazilian job market, macro and microeconomics, and entrepreneurship. For questions, suggestions, and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes at this contact.

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