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Ativa Investimentos estimates that Petrobras needs to increase the price of gasoline by 6%, to eliminate the gap between the price of fuel in the country and its international quotation

Written by Flavia Marinho
Published 23/11/2021 às 13:53
gasoline - price - ethanol - oil - dollar - diesel - CNG
New readjustment in the price of gasoline – Petrobras

Petrobras' next move will define the company's strategy regarding the price of gasoline

The consumer needs to prepare his pocket once again! According to the technical study by Ativa Investimentos, to eliminate the gap between the price of fuel in Brazil and the international price, the Brazilian oil company Petrobras will need to increase the price of gasoline by 6%.

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"In the last readjustments, Petrobras made increases leaving, on average, 14% of potential increase behind, which we attribute to a time lag in the correction", evaluates the chief economist of Ativa Investimentos, Étore Sanchez.

Petrobras' next readjustment, or its absence, will be relevant to the behavior of gasoline in the coming months

According to brokerage, hypotheses begin to circulate that the benchmarking of Petrobras is not the complete zeroing of the lag, but a lower level, in order to guarantee market share. “If this hypothesis is correct, it would be as if the parity should be calculated with the international price added to a discount of the market share proposed by the company”, explains Sanchez.

If Petrobras is putting this discount in the account, it is possible that there will be a reduction in the price of gasoline in the coming days. “In the long term, the strategy can generate arbitrage, but in the short term it is completely reasonable”, explains the chief economist at Ativa.

Despite this, Ativa does not believe in new readjustments at the moment. And Petrobras' next move will define, after all, what the company's strategy is.

“Hopefully, the next readjustment, or the absence of it, will be very relevant for us to adjust the perspectives on the behavior of gasoline to that of the coming months. If the next readjustment is downward, despite the upward potential, it reinforces the hypothesis of market share. If it stays put and/or we have an upward readjustment, it reinforces the hypothesis about a time lag (waiting for stabilization)”, says Sanchez.

To escape the high prices of Petrobras, Brazilians rush to buy gasoline for half the price and fuel is limited to 15 liters to avoid shortages in Porto Iguaçu

The Argentine Government has decided to limit the sale of gasoline in the city that borders Brazil. The measure aims to curb the rush of Brazilians to gas stations in the city of Porto Iguaçu, a neighboring municipality to the city of Foz do Iguaçu, in the state of Paraná. The demand is so great that gas stations have started to accept payment in reais, not in Argentine pesos.

The sale of gasoline to foreigners is limited to 15 liters to avoid shortages in the Argentine city, since a liter of gasoline in Porto Iguaçu (Argentina) is practically half the price found in the neighboring city of Foz do Iguaçu (Brazil), where fuel is sold on average for R$ 6,90.

In addition to Brazilians, Argentine stations have also attracted Paraguayans, who have paid approximately R$ 4,10 per liter of gasoline. The idea is precisely to discourage Brazilians and Paraguayans from going to fill up on site, as the stations have a maximum quota.

The gas stations were already carrying out a separation of foreign and Argentine buyers, with an exclusive queue for each category, now comes this new decision by the gas stations.

The measure was taken by consensus, after complaints from local residents of long queues that formed at the posts, as of the opening of the border. Read the full article here.

Flavia Marinho

Flavia Marinho is a Production Engineer with a postgraduate degree in Electrical and Automation Engineering, with extensive experience in the onshore and offshore shipbuilding industry. In recent years, she has dedicated herself to writing articles for news websites in the areas of industry, oil and gas, energy, shipbuilding, geopolitics, jobs and courses, with more than 7 thousand articles published. Her technical expertise and communication skills make her a respected reference in her field. Contact us to suggest an agenda, advertise job vacancies or advertise on our portal.

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