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With The War, ‘Oil Up, Oil Down’… And The Gasoline Price in Brazil, What Happens?

Written by Roberta Souza

Published on 24/06/2025 at 16:37

Economy, Fuel Prices

Foto: Reprodução

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Understand The Drop Of More Than 7% In Crude Oil Prices And The Impact On Gas Prices!

On this Monday (23), the oil market experienced another day of tension and surprise. After a geopolitical turnaround in the Middle East, the price of oil plummeted more than 7%, leaving investors and consumers on alert. But the big question that remains is: “What about gas? Will it drop too?”

Tension Between Iran And The USA Drops Oil Prices

The reason behind this significant drop has a name: Iran’s retaliation against the United States. In response to the American attack that occurred on Saturday (21), Iran launched missiles at the Al Udeid airbase in Qatar. The offensive, dubbed “Announcement of Victory”, generated initial panic and speculation about the possible closure of the strategic Strait of Hormuz, through which about 30% of the world’s oil production passes.

By around 4 PM (Brasilia time), Brent fell 6.67% to US$ 70.52 a barrel, while WTI dropped 7.41%, trading at US$ 68.37. A sharp decline that few predicted at the start of the day.

ARTICLE CONTINUES BELOW

Ceasefire And A Snowball Effect On Brazilian Oil Refineries

Despite the military escalation, the announcement of a possible ceasefire by the USA brought immediate relief to the markets. As a result, the gap between international prices and the prices practiced by Petrobras has significantly decreased.

According to Abicom (Brazilian Association of Fuel Importers), the price difference for diesel at Brazilian refineries fell from 19% to 12% in relation to the Gulf of Mexico. Gasoline is now only 3% below international prices, which reduces the pressure for adjustments.

And What About The Brazilian Consumer? Cheaper Gasoline?

For now, consumers feel little to no change at the pump. However, according to experts, if the downward trend in oil prices continues, fuel prices may drop in the coming weeks, as indicated by the president of Petrobras.

The international drop may be a relief for Brazilian wallets, but everything will depend on geopolitical developments and the pricing strategy of the state-owned company. And you, what do you think will happen to fuel prices?

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Roberta Souza

Author for the Click Petróleo e Gás portal since 2019, responsible for publishing over 8,000 articles that have garnered millions of views, combining technical expertise, clarity, and engagement to inform and connect readers. A Petroleum Engineer with a postgraduate degree in Industrial Unit Commissioning, I also bring practical experience and background in the agribusiness sector, which broadens my perspective and versatility in producing specialized content. I develop content topics, disseminate job opportunities, and create advertising materials tailored for the industry audience. For content suggestions, job vacancy promotion, or advertising proposals, please contact via email: santizatagpc@gmail.com. We do not accept resumes

With The War, ‘Oil Up, Oil Down’… And The Gasoline Price in Brazil, What Happens?

Understand The Drop Of More Than 7% In Crude Oil Prices And The Impact On Gas Prices!

Tension Between Iran And The USA Drops Oil Prices

Ceasefire And A Snowball Effect On Brazilian Oil Refineries

And What About The Brazilian Consumer? Cheaper Gasoline?

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With The War, ‘Oil Up, Oil Down’… And The Gasoline Price in Brazil, What Happens?

Understand The Drop Of More Than 7% In Crude Oil Prices And The Impact On Gas Prices!

Tension Between Iran And The USA Drops Oil Prices

Ceasefire And A Snowball Effect On Brazilian Oil Refineries

And What About The Brazilian Consumer? Cheaper Gasoline?

While an average building in London or New York takes three years to be completed, in China a 26-story tower went up in five days with about 100 workers, and the global modular construction market already moves US$ 95 billion per year.

Australia installs giant concrete structures on the seabed 800 meters from the shore to create an ocean intake for desalination that will draw in saltwater and produce 30 million liters of drinking water per day.

A public school student single-handedly created a machine capable of treating water for up to 50 people using only solar energy. It was awarded third place at one of the most important science fairs in the world.

Goodbye traditional washing machine: Panasonic surprises housewives with the NA-G5 featuring four drums, a 13 kg washer and dryer, a 12 kg dryer, independent mini washers, a heat pump, and a 4-in-1 system awarded at the German Design Award.

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