Petrobras Lowers Natural Gas Price Again and Alerts Consumers: Final Price Is Not Determined Solely by the State Company, but Also by Distributors and Federal and State Taxes

Written by Flavia Marinho

Published on 14/10/2022 at 18:20

Preco do GNV fica mais baixo nos postos de combustíveis – Imagem TNSul

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Natural Gas Prices For Distributors Will Be Lower In November. In The Case Of CNG, The Final Price For The Consumer Also Depends On Fuel Stations

Petrobras Informed In A Relevant Fact To The Market That, according to the contracts agreed upon by the state-owned company with the distributors, starting from 01/11/22, the updated selling prices of natural gas – transported and distributed through pipelines – will have an average reduction of 5% in R$/m³, compared to the August-September-October quarter.

According to the report, the contracts provide for quarterly updates and link the variation in gas prices to the fluctuations of Brent oil and the exchange rate. In this case, during the period, oil had a decrease of 11.5%; and the exchange rate had a depreciation of 6.5% (that is, the amount in reais to convert to a dollar increased by 6.5%).

As established in the contracts signed by Petrobras, the updated gas prices will remain in effect until 31/01/2023.

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Petrobras Warns Consumers That The Final Price Of Fuel Does Not Depend Solely On The Company

Petrobras emphasizes that the final price of natural gas to the consumer is not determined solely by the company’s selling price, but also by the margins of distributors (and, in the case of CNG, of resale stations) and by federal and state taxes.

Moreover, consumer tariffs are approved by state regulatory agencies, according to specific legislation and regulations. It is important to inform that the update announced for 1/11/22 does not refer to the price of LPG (cooking gas), packaged in cylinders or sold in bulk.

Petrobras Lowers Natural Gas Price Again and Alerts Consumers: Final Price Is Not Determined Solely by the State Company, but Also by Distributors and Federal and State Taxes

Natural Gas Prices For Distributors Will Be Lower In November. In The Case Of CNG, The Final Price For The Consumer Also Depends On Fuel Stations

Petrobras Warns Consumers That The Final Price Of Fuel Does Not Depend Solely On The Company

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Petrobras Lowers Natural Gas Price Again and Alerts Consumers: Final Price Is Not Determined Solely by the State Company, but Also by Distributors and Federal and State Taxes

Natural Gas Prices For Distributors Will Be Lower In November. In The Case Of CNG, The Final Price For The Consumer Also Depends On Fuel Stations

Petrobras Warns Consumers That The Final Price Of Fuel Does Not Depend Solely On The Company

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

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.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

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.

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