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

Fila em posto de gasolina Petrobras – Imagem Metrópoles

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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.

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

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