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Petrobras Adopts New Pricing Policy for Diesel Market

Written by Paulo Nogueira

Published on 28/12/2018 at 10:11

Updated on 28/12/2018 at 13:11

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After the Gasoline Price Cut Announced by the State-Owned Company Yesterday (27), Diesel Will Also Undergo Some Adjustments to Balance Prices During These Periods of Market Volatility

Petrobras 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, did not explicitly declare the plan as a hedge program, it said that 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.

Gasoline

Petrobras announced a 6.20% decrease in gasoline prices at refineries starting October 31, which has been maintained since then. With the change, the average price of the product at refineries will drop to R$ 1.8623 per liter, according to the company’s website.

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Paulo Nogueira

Graduated in Electrical Engineering from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), he worked for several years in the offshore oil and gas, energy, and construction sectors. Today, with over 8,000 publications in online magazines and blogs on the energy sector, the focus is to provide real-time information on the Brazilian job market, macro and microeconomics, and entrepreneurship. For questions, suggestions, and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes at this contact.

Petrobras Adopts New Pricing Policy for Diesel Market

After the Gasoline Price Cut Announced by the State-Owned Company Yesterday (27), Diesel Will Also Undergo Some Adjustments to Balance Prices During These Periods of Market Volatility

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