Petrobras increases gasoline prices by 3,5% at refineries starting today, April 30th. The price of diesel has not changed and remains at R$2,2470.
Average price per liter is R$2,045, the highest level since October 23 of last year, in the amount of R$2,0639. The new price happens just 6 days after the last readjustment, which took place on April 23 of this month. Since the transfer to service stations will depend on variables such as taxes and profit margins of service stations and distributors. Gasoline sold by Petrobras represents 32% of the final fuel price
It is the first time since October 2018 that gasoline is sold by Petrobras with a price above R%2. In 2019, the price of fuel at the oil company's refineries has increased by 35,5%. Since the high is lower at 3,7%, according to data from the National Agency of Petroleum, Gas and Biofuels - ANP. The average price of a liter of gasoline in the country is R$4,504.
However, the readjustment in the value of gasoline does not necessarily mean that it will reach the pumps, since the readjustment to the final consumer will depend on a series of variables, such as the margin of resellers and distributors, taxes and the mandatory blend of biofuel.
Petrobras has reduced the frequency of readjustments in gasoline and, to avoid losses, especially in the foreign market, it has used a financial protection mechanism known as a hedge, which makes it possible to increase the intervals for readjustments in gasoline prices at refineries by up to 15 days.
This month, the state-owned company announced a change in the disclosure of its fuel prices. Petrobras decided to start publishing fuel prices at all its points of sale on its website, and no longer the average as it had done before.
