Petrobras Reports It Receives Only R$ 2.80 Per Liter of Gasoline From Each R$ 7 Paid on Average by Consumers, and Fuel Price Adjustment Is Necessary for the Brazilian Market to Continue Being Supplied Without Risks of Shortages

Written by Flavia Marinho

Published on 02/06/2022 at 11:32

Updated on 27/06/2022 at 16:56

Falta de gasolina e diesel gera fila em em posto de combustível / Imagem Jovem Pam

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Adjustment in Gasoline and Diesel Prices Serves to Compensate for All Investment Made by Petrobras for Oil Exploration, Production, Refining, Transportation, and Oil Derivatives

After the increase in prices of gasoline, diesel, and LPG, Petrobras issued a statement on April 23, informing that regarding the recent reports comparing gasoline prices sold to the final consumer in Brazil and other countries, the state-owned company clarifies that the price of gasoline sold in the Brazilian market is the market price, of economic balance, and ensures that supply is sufficient to meet national demand.

It is important to highlight that the prices charged by Petrobras are different from those perceived by the final consumer at retail.

Average Gasoline Price for Final Consumers in Brazil Is Lower than Prices Charged in Over 50 Countries

Petrobras also informs that according to the ranking from GlobalPetrolPrices.com, the average gasoline price for final consumers in Brazil is lower than prices charged in over 50 countries.

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According to the state-owned company, in the case of gasoline, taxes; costs for acquisition and mandatory mixing of anhydrous ethanol; as well as the costs and margins of distribution companies and resellers are added before reaching the consumer.

Of the average price of R$ 7.22 per liter paid on average by consumers, according to weekly price survey by ANP for the week of April 10 to 16, 2022, Petrobras receives R$ 2.81. This market value, in addition to allowing for imports to meet local demand, serves to compensate for all investment made by Petrobras for oil exploration, oil production, oil refining, and transportation of oil and derivatives.

Increase in Fuel Prices Prevents Supply Shortage Risks

“It is worth emphasizing that the prices practiced by Petrobras in selling fuels to distribution companies aim at the same time to (i) maintain structural balance with the prices practiced in the global fuel market and (ii) avoid passing on the volatility of international prices and exchange rates, marked by conjunctural events,” said the state-owned company in the statement.

“This responsible practice is fundamental for the Brazilian market to continue being supplied, without risks of shortages, by the different actors responsible for serving the various Brazilian regions: distributors, importers, and other producers, in addition to Petrobras,” concludes the Brazilian oil company.

Petrobras Reports It Receives Only R$ 2.80 Per Liter of Gasoline From Each R$ 7 Paid on Average by Consumers, and Fuel Price Adjustment Is Necessary for the Brazilian Market to Continue Being Supplied Without Risks of Shortages

Adjustment in Gasoline and Diesel Prices Serves to Compensate for All Investment Made by Petrobras for Oil Exploration, Production, Refining, Transportation, and Oil Derivatives

Average Gasoline Price for Final Consumers in Brazil Is Lower than Prices Charged in Over 50 Countries

Increase in Fuel Prices Prevents Supply Shortage Risks

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