Miracle of 13? Petrobras Goes Through 2024 Without Adjusting Diesel Prices at Refineries; Gasoline Had Only One Change, Something Not Seen in Over a Decade!

Written by Paulo Nogueira

Published on 01/01/2025 at 22:07

Updated on 01/01/2025 at 22:11

Eixos econômicos que Lula deve atuar: Petrobras, Comperj, Combustíveis, offshore e construção naval

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Petrobras Kept Diesel Prices Stable Throughout 2024, Facing Market Criticism and Praise for Avoiding Inflationary Pressures; Discover the Impacts of This Policy on the Economy and the Risks Highlighted by Analysts.

Petrobras closed 2024 without any adjustment in the price of diesel, something that has not happened in 13 years. This commercial strategy, even with the international market in great volatility, is a risky bet but has brought economic stability to Brazil. The price of gasoline, in turn, saw only one adjustment in July.

According to the Institute for Strategic Studies on Oil and Gas (Ineep), this policy alleviates inflationary pressures since diesel is essential for the transportation of goods and services. Nonetheless, investors see risks, especially when recalling the situation at the end of Dilma Rousseff’s first term, when price controls resulted in billion-dollar losses.

Diesel Below Import Parity

The Ineep survey revealed that the average price of diesel sold by Petrobras in 2024 was R$ 3.53 per liter, while the average import parity calculated by ANP stood at R$ 3.70 per liter. This resulted in an average gap of 5%. In the last months of the year, this difference increased, reaching an impressive 15% on December 19, due to the depreciation of the real.

ARTICLE CONTINUES BELOW

Economy Benefits from Stability, but Market Warns of Risks

The Ineep highlights the positive impacts of the policy in reducing inflationary effects. The stability of diesel prices, used in the country’s main transport mode, prevents significant pass-through to the final consumer. However, analysts from Santander warn of the dangers of maintaining prices below production costs, emphasizing that the strategy may affect the state-owned company’s performance.

Nevertheless, Petrobras downplays the criticism, highlighting that its strategy generated strong cash flow and consistent results, in addition to reducing its gross debt to its lowest level since 2008.

Discoveries and Investments Changing the Game in the Oil and Gas Sector: Pre-Salt, Jobs, and the Future of Energy in Brazil!

A Future of Uncertainties, but with Confidence

Despite the decrease in refining margins, Petrobras remains resilient, relying on the low production cost of pre-salt as a competitive differentiator. The strategy of “Brazilianizing” prices is a game changer: seen as relief for the Brazilian economy, but also as a risk for investors.

Now, what do you think of this approach? Is it wise to prioritize consumers over profits, or should the international market be the compass for domestic prices?

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Cleuton Carneiro

#109732

02/01/2025 11:27

O petróleo é nosso e não de chacais internacionais.

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Carvalho

#109589

02/01/2025 01:53

É primeira empresa na história que vende abaixo do custo e tem caixa e resultados consistentes, essa nem brasileiro **** acredita .

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Miracle of 13? Petrobras Goes Through 2024 Without Adjusting Diesel Prices at Refineries; Gasoline Had Only One Change, Something Not Seen in Over a Decade!

Petrobras Kept Diesel Prices Stable Throughout 2024, Facing Market Criticism and Praise for Avoiding Inflationary Pressures; Discover the Impacts of This Policy on the Economy and the Risks Highlighted by Analysts.

Diesel Below Import Parity

Economy Benefits from Stability, but Market Warns of Risks

A Future of Uncertainties, but with Confidence

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Miracle of 13? Petrobras Goes Through 2024 Without Adjusting Diesel Prices at Refineries; Gasoline Had Only One Change, Something Not Seen in Over a Decade!

Petrobras Kept Diesel Prices Stable Throughout 2024, Facing Market Criticism and Praise for Avoiding Inflationary Pressures; Discover the Impacts of This Policy on the Economy and the Risks Highlighted by Analysts.

Diesel Below Import Parity

Economy Benefits from Stability, but Market Warns of Risks

A Future of Uncertainties, but with Confidence

The Soviet Union spent 22 years drilling into the Earth’s crust and reached a depth of 12,262 meters — they found water where it was thought impossible, hydrogen bubbling from the rock, granite that is 2.7 billion years old, and temperatures of 180 degrees that melted the drill bits.

Egypt wants to draw 10 million cubic meters of water from the Nile per day into the desert, irrigate a new agricultural frontier, and build a city where there is currently only sand.

Norway is drilling 27 kilometers of rock 392 meters below the bottom of a fjord to build the world’s largest and deepest underwater road tunnel — when completed, a 21-hour journey will be reduced to 10.

Chinese engineers begin filling a 217-meter dam at an altitude of 3,000 meters and prepare a 2,240 MW hydroelectric power plant to integrate hydropower, solar, and wind energy in the upper Jinsha.

A German architect built a cylindrical house in 1994 that rotates to follow the sun throughout the day, generates 5 times more energy than it consumes, and was the world’s first energy-positive house.

An astronaut spent 340 days in space while his twin brother stayed on Earth, and NASA found a “rejuvenating” effect, genes, microbiome, cognition, and immune system that revealed the biological cost of living outside the planet.

Brazil sold US$ 7.2 billion in crude oil to China alone in the first quarter — a 94% jump — but continues to import gasoline because it cannot refine what it extracts from its own soil.

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A single solar storm can knock out satellites, wipe out GPS, and leave 40 million people without power for months — and the transformers that protect the grid take 4 years to manufacture.

Sydney is erecting the world’s tallest wooden skyscraper — it’s 40 stories of hybrid timber that sequester carbon instead of emitting it, and the tower is expected to be completed as early as 2026.

While sanitation in Brazil serves only 55% of the population and discharges sewage into rivers, Singapore already recycles 100% of the water it consumes and has transformed sewage into award-winning potable water.

The Sagrada Família in Barcelona has completed its main structure after 144 years of construction — exactly 100 years after Gaudí’s death, and the tallest tower reaches 172 meters.

After mapping more than 200 million proteins, artificial intelligence enters the race to accelerate drugs, vaccines, and enzymes against plastic and CO₂, opening an era in which molecules can be designed on demand.