With The War, 'Oil Up, Oil Down'... And The Gasoline Price in Brazil, What Happens?

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

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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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?

Engineers want to carve through Africa with a giant canal to bring water from the world’s second-largest river to a dying lake on the edge of the Sahara Desert that has already lost 90% of its water.

Brazil filled the Northeast with wind turbines but now faces the side effect of 705 giant blades reaching the end of their lifespan by 2032 just in Rio Grande do Norte, while the world projects 43 million tons of waste by 2050.

India approved the country’s first submerged road-rail tunnel, 15.8 kilometers dug under the bed of the Brahmaputra River.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

In just one cast, fishermen are surprised to capture 14,096 mullets in Bombinhas and close a historic season with 58,000 fish; scene recorded in the Santa Catarina paradise marks the last day of the 2026 season.

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