Gas Prices Will Drop Tomorrow (07/29)! Petrobras Succumbs to Pressure and Lowers Fuel Prices for the Second Time in Less Than 10 Days, Easing the Burden on Consumers, Taxi Drivers, and App Drivers

Written by Flavia Marinho

Published on 28/07/2022 at 17:57

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Gasoline Price Per Liter Drops in Brazil and Falls 16.7% Below Global Average, Not Counting New Petrobras Price Reduction Starting Tomorrow!

The Brazilian oil giant Petrobras has great news for the Brazilian people, who were at a loss with the constant spikes in fuel prices! Consumers, taxi drivers, and app drivers can celebrate, because starting tomorrow, 07/29, the average selling price of gasoline from the oil company to distributors will decrease from R$ 3.86 to R$ 3.71 per liter, a reduction of R$ 0.15 per liter.

According to Petrobras’ report, considering the mandatory blend of 73% gasoline A and 27% anhydrous ethanol for the composition of gasoline sold at gas stations, the state-owned company’s share in the consumer price will drop from R$ 2.81, on average, to R$ 2.70 for each liter sold at the pump.

Petrobras stated that this reduction aligns with the evolution of reference prices, which have stabilized at a lower level for gasoline, and is consistent with the oil company’s pricing practices, which aim for price equilibrium with the global market, while avoiding passing on the internal prices’ volatility due to fluctuations in international quotes and exchange rates.

ARTICLE CONTINUES BELOW

Drop in National Fuel Value: The Worldwide Average is Around $1.44, but in Brazil the Value Plummets to the Equivalent of $1.119.

The reduction of taxes was the most significant factor in the decrease of gasoline prices. After the appointment of Caio Paes de Andrade alongside government demands, the price of gasoline dropped by R$ 0.20 and indicated that it might continue to decrease in the coming weeks.

The decrease in value is around 16.7% compared to the global average. According to data recorded by Global Petrol, the average price per liter of gasoline worldwide is around $1.44, while in Brazil the price plummets to the equivalent of $1.119.

Abicom reported that the price was similar to that of imports, all due to the reduction of prices at Petrobras’ refineries.

Gas Prices Will Drop Tomorrow (07/29)! Petrobras Succumbs to Pressure and Lowers Fuel Prices for the Second Time in Less Than 10 Days, Easing the Burden on Consumers, Taxi Drivers, and App Drivers

Gasoline Price Per Liter Drops in Brazil and Falls 16.7% Below Global Average, Not Counting New Petrobras Price Reduction Starting Tomorrow!

Drop in National Fuel Value: The Worldwide Average is Around $1.44, but in Brazil the Value Plummets to the Equivalent of $1.119.

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Gas Prices Will Drop Tomorrow (07/29)! Petrobras Succumbs to Pressure and Lowers Fuel Prices for the Second Time in Less Than 10 Days, Easing the Burden on Consumers, Taxi Drivers, and App Drivers

Gasoline Price Per Liter Drops in Brazil and Falls 16.7% Below Global Average, Not Counting New Petrobras Price Reduction Starting Tomorrow!

Drop in National Fuel Value: The Worldwide Average is Around $1.44, but in Brazil the Value Plummets to the Equivalent of $1.119.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

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