English 
Spanish 
3 min read
The unions of Brazilian oil workers are seeking new measures to reduce the prices charged for fuel in the country. The new president of Petrobras, Jean Paul Prates, will discuss the possible end of the PPI in the state-owned company.
This Friday afternoon (27/01), the new president of Petrobras, Jean Paul Prates, will meet with the main oil workers unions in Brazil to discuss issues in the sector. The main subject to be addressed will be the end of the import parity policy (PPI), aiming at a reduction in fuel prices in the country. this is an idea supported by the current Lula government, as it can contribute to the future of the national market.
Jean Paul Prates meets with oil unions to discuss the end of the PPI at Petrobras in order to reduce fuel prices in Brazil
After taking over as the new president of the state-owned Petrobras, Senator Jean Paul Prates is preparing to start work on the company's future in the national market.
This Friday, he will meet with the country's main oil workers' unions to discuss the end of the PPI and the change in the price policy currently adopted by the company.
- End of oil? No way! Petrobras extends the lifespan of its first large pre-salt platform
- The Oil Market: What’s Behind the Price Fluctuation Above $80?
- In 1858, this man 'discovered oil', but he was not recognized and died in complete poverty.
- Petrobras gets a New Year's resolution in court and the fact alerts companies such as Vale, Americanas and others
The objective of the oil workers is to demand the promises presented in the Lula government's campaign for the future of the state-owned company, focusing on improvements for the final consumer.
At 15 pm, Prates will receive the Single Federation of Oil Workers (FUP) and, at 16 pm, the National Federation of Oil Workers (FNP).
The FNP will present to Jean Paul Prates the studies carried out by the Petroleum Social Observatory (OSP). They demonstrate the possibility of selling fuel more affordably in Brazil, by decoupling prices from international quotations.
For this, the cost of domestic production would be considered, leaving aside the comparison with the international market.
“Petrobras has a cost structure that allows it to sell fuel at cheaper prices than current international prices. We produce most of the oil and fuel we consume in Brazil and the cost of this production has not changed in recent years, with the exception of what is paid in government participation, whose values vary with the price of Brent”, highlighted economist Eric Gil Dantas , OSP and the Brazilian Institute of Political and Social Studies (Ibeps).
Lula's government and the new president of Petrobras need to move to stabilize the scenario of high fuel prices in the domestic market in 2023
With the current price policy, the PPI, adopted at Petrobras by Pedro Parente in 2016, the state-owned company charges amounts in Brazil that vary according to the international oil scenario.
However, oil workers' unions highlight the problems caused by the adoption of this pricing policy.
The variability in the price of a barrel of oil ends up causing strong readjustments in values, as well as higher-than-expected prices.
Eric Gil Dantas highlights the urgency of the Lula Government and Jean Paul Prates to adopt a new price policy for next month.
This is because the exemption from federal fuel taxes ends at the end of February and the scenario could become more complicated in the international market in the coming months.
The FNP also intends to discuss with Jean Paul Prates the end of the Petrobras asset divestment project, as well as new investments in national projects.
The demands of the oil and gas sector and also of workers, active and retired, own and outsourced by the state-owned company, will also be discussed.
In this way, the new president of Petrobras, Jean Paul Prates, is increasingly approaching the demands of the oil workers' unions.
