Petrobras Raises Gasoline Price for The Second Time in A Week

Gasoline Will Be Sold at Petrobras Refineries for R$ 1.12 per Liter. The Price Charged at Refineries Represents 19% of the Final Price.

Petrobras reported last Wednesday (13) that it will make a new adjustment in the sale price of fuel at its refineries. This is the second increase in a week since the beginning of the new coronavirus pandemic. This time, the adjustment will be 10 percent. Parliamentarians Attempt to Prevent Sale of Gaspetro

Read Also

• URGENT Job Opening for 4-Month Offshore Contract as Occupational Safety Technician
• Petrobras Will Pay 472 Million Dollars to Partners in Lula, Atapu, and Sépia Fields
• Petrobras Puts Four Oil-Fired Power Plants Up for Sale

The fuel adjustment follows the rise of the dollar in Brazil and the increase in gasoline prices in the international market. The increase took effect yesterday (14).

Recomendado para você

Oil and Gas

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

The Technical Agenda and the Fair in the City of Macaé Should Boost Discussions on Investments, Energy Transition, and Development of the Oil, Gas, and Energy Chain in the National...

Paulo Nogueira

1

With the increase, gasoline will now be sold at the state-owned company’s refineries for R$ 1.12 per liter. Petrobras reports that the price charged at the refineries represents 19 percent of the final price, while the remainder consists of federal and state taxes and profit.

Bolsonaro questioned the 12 percent increase in gasoline prices by Petrobras, which occurred after the pandemic began, “As far as I know, oil has not gone up abroad. I don’t know why Brazilian oil has increased,” said the president.

According to analysts at UBS bank, the price of gasoline in Brazil was, prior to the adjustment announced this Thursday, 14 percent below American prices. Analysts believe that Petrobras needed to raise gasoline prices to avoid margin loss.

Gasoline price increases occurred after a series of declines due to the international oil crisis caused by the coronavirus pandemic.

For consumers, gasoline prices dropped by 16 percent this year. Last week, the liter of gasoline was sold at an average of R$ 3.823 in Brazil, which is 2.7 percent less than the previous week, according to the National Agency of Petroleum, Natural Gas and Biofuels – ANP.

The state company reports that diesel prices will remain unchanged at refineries.