Gasoline Prices Rise Again in Several Regions of Brazil, Despite Attempts to Curb Costs. Petrobras Faces Pressure Due to Double-Digit Deficit

Written by Roberta Souza

Published on 13/10/2022 at 18:02

Foto: reprodução pixabay.com

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Even in the Face of Orders Not to Increase the Price of Gasoline, Fuel Prices Are Rising in Several Regions Due to Various Factors, Check It Out

After several consecutive weeks of falling fuel prices at the pumps, the price of gasoline, ethanol, and diesel are expected to rise again at stations in various regions of Brazil in the coming days. Even though the latest survey from the National Agency of Petroleum, Natural Gas and Biofuels (ANP), conducted between October 1 and 8, does not yet reflect the rise in fuel prices, the adjustment is expected to occur in the coming days.

The warning was issued by the Retail Trade Union of Fuels, Oil Derivatives, Natural Gas, Biofuels, and Convenience Stores of the State of Paraná (Paranapetro).

GASOLINE PRICE DISCREPANCY

Gasoline Price Increase Came Without Any Announcement of Fuel Price Adjustments

The union also stated in a note on Tuesday, the 11th, that even without any announcement of fuel price adjustments, distributors in Paraná and other regions are passing on some significant increases in gasoline, ethanol, and diesel.

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Why Did Gasoline Prices Increase?

The increase in the price of gasoline can be justified by an announcement made by OPEC last week. This is because they declared that they would cut production by 2 million barrels of oil per day starting in November. This led to an immediate rise in the international oil price, consequently increasing gasoline prices and others.

This reasoning is also supported by the President of SindiCombustíveis Pernambuco, Alfredo Pinheiro Ramos. He explains that the increase in gasoline prices, which is beginning to be observed at some stations in Greater Recife, is triggered by a 3% to 4% rise in the purchasing price of oil, noted on Tuesday, the 11th.

Gasoline Prices Rise Again in Several Regions of Brazil, Despite Attempts to Curb Costs. Petrobras Faces Pressure Due to Double-Digit Deficit

Even in the Face of Orders Not to Increase the Price of Gasoline, Fuel Prices Are Rising in Several Regions Due to Various Factors, Check It Out

GASOLINE PRICE DISCREPANCY

Gasoline Price Increase Came Without Any Announcement of Fuel Price Adjustments

Why Did Gasoline Prices Increase?

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Gasoline Prices Rise Again in Several Regions of Brazil, Despite Attempts to Curb Costs. Petrobras Faces Pressure Due to Double-Digit Deficit

Even in the Face of Orders Not to Increase the Price of Gasoline, Fuel Prices Are Rising in Several Regions Due to Various Factors, Check It Out

GASOLINE PRICE DISCREPANCY

Gasoline Price Increase Came Without Any Announcement of Fuel Price Adjustments

Why Did Gasoline Prices Increase?

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