Petrobras Announces 11.1% Reduction Per Cubic Meter in Natural Gas Price Charged to Distributors Following Drop in International Oil Barrel Price

Written by Ruth Rodrigues

Published on 10/01/2023 at 13:26

Updated on 02/02/2023 at 19:19

Fonte: Poder 360

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The Quarterly Adjustments in Prices Charged by Petrobras to Distributors Consider the International Scenario of the Oil Barrel. The State-Owned Company Announced a 11.1% Decrease in the Price of Natural Gas Passed on to Companies.

The scenario for natural gas distribution becomes even more favorable and witnesses a reduction in product prices on February 1. The state-owned company Petrobras announced a 11.1% decrease in the price of natural gas charged to distributors. The decision was made based on the prices of the Brent oil barrel in the international market. The company disclosed the price drop during the last quarterly adjustment stipulated in contracts with companies.

Natural Gas Distributors Will Buy Fuel at a Lower Price After Announcement of Adjustments in Petrobras Prices

Starting February 1, Petrobras will charge less for the cubic meter of natural gas passed on to distributors of fuel in Brazil.

The company announced a 11.1% reduction in the product’s price, due to the international scenario of Brent oil barrel prices.

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Natural Gas May Become Increasingly Attractive for Fuel Distributors After Price Adjustment by the State-Owned Company

The announcement of the reduction in the price of natural gas from Petrobras to distributors may open space for new companies in the oil and gas sector.

This is because the product is becoming increasingly profitable. Furthermore, industry expectations are that the input will become more attractive to consumers and investors, especially after the approval of the New Gas Law.

“Today, those who benefit the most are the companies, the large groups, which need to acquire directly from a single supplier, so it will increase efficiency and competition as well,” emphasizes economist and professor Cesar Bergo.

Although the price adjustments for natural gas do not reach the final consumer immediately due to state taxation, a decrease in final prices is expected.

Petrobras’ decision to reduce prices will thus contribute to the oil and natural gas market, both for distributors and consumers.

Petrobras Announces 11.1% Reduction Per Cubic Meter in Natural Gas Price Charged to Distributors Following Drop in International Oil Barrel Price

The Quarterly Adjustments in Prices Charged by Petrobras to Distributors Consider the International Scenario of the Oil Barrel. The State-Owned Company Announced a 11.1% Decrease in the Price of Natural Gas Passed on to Companies.

Natural Gas Distributors Will Buy Fuel at a Lower Price After Announcement of Adjustments in Petrobras Prices

Natural Gas May Become Increasingly Attractive for Fuel Distributors After Price Adjustment by the State-Owned Company

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Petrobras Announces 11.1% Reduction Per Cubic Meter in Natural Gas Price Charged to Distributors Following Drop in International Oil Barrel Price

The Quarterly Adjustments in Prices Charged by Petrobras to Distributors Consider the International Scenario of the Oil Barrel. The State-Owned Company Announced a 11.1% Decrease in the Price of Natural Gas Passed on to Companies.

Natural Gas Distributors Will Buy Fuel at a Lower Price After Announcement of Adjustments in Petrobras Prices

Natural Gas May Become Increasingly Attractive for Fuel Distributors After Price Adjustment by the State-Owned Company

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