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Petrobras adopts new pricing policy for the diesel market

Written by Paulo Nogueira
Published 28/12/2018 às 10:11

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deisel price petrobras

After the drop in the price of gasoline announced by the state-owned company yesterday (27), diesel will also undergo some adjustments to balance prices in these periods of market volatility

Petrobras has approved measures that will give the state oil company greater flexibility in setting diesel prices, the company said in a document this Friday (28). Although Petrobras, as the company is known, has not explicitly declared the plan as a hedging program, she said the measure was similar to one taken in September, when the company introduced the same system for gasoline.

Under the new measures, Petrobras said it will be able to keep diesel prices stable for periods of up to seven days, while varying the frequency of values ​​during periods of high volatility.

Petrol

Petrobras announced a 6,20% reduction in the price of gasoline at refineries as of October 31, and has been meeting this percentage since then. With the change, the average price of the product in refineries will be reduced to R$ 1,8623 per liter, according to the company's website.

The average price of R$1,985 had been maintained since October 24th and with the new readjustment the price charged became the lowest since June 27th, when it was charged R$1,8783.

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Paulo Nogueira

With a technical background, I worked in the offshore oil and gas market for a few years. Today, my team and I are dedicated to bringing information from the Brazilian energy sector and the world, always with credible and up-to-date sources.

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