Fuel Prices: Diesel and Gasoline from Petrobras Are Higher Than International Prices, and High Tax Rates on Fuels in Brazil Are Pointed Out as the Main Cause for This Difference

Written by Bruno Teles

Published on 07/02/2023 at 18:32

Preços dos combustíveis Petrobras (Foto/divulgação)

Be the first to react!

The Average Prices of Gasoline and Diesel from Petrobras Sold to Distributors in Brazil Are Above Import Parity, Opening Space for the Oil Company to Reduce Prices at Its Refineries.

This occurred due to the fall in oil prices in the international market last week, amid concerns over higher interest rates in the U.S.

Despite this, commodity values rose about 1% on Monday, 6. Jean Paul Prates, the new president of Petrobras, advocates ending import parity for the company’s price formation. The international market has proven to be unstable, opening space for a possible reduction in the oil company’s prices.

Pedro Shinzato, oil and derivatives analyst at StoneX, commented that this change could happen soon. According to StoneX, Petrobras would have to cut diesel by 16.8% and gasoline by 11.6% to achieve average parity. However, Shinzato and other experts point out that external factors, such as the European Union’s embargo on Russian diesel, could change this scenario and raise prices worldwide.

ARTICLE CONTINUES BELOW

Petrobras with Jean Paul Will ‘Brazilianize’ Fuel Prices, Says FUP

Initially, Petrobras decides when and how to adjust fuel prices according to import parity, which takes into account global variables such as the price of oil and the value of the dollar. The decision is made by the company’s CEO, along with two other directors: the finance director and the marketing director.

Additionally, other commercial variables are considered to determine the ideal time to make price adjustments. The executive president of the Brazilian Association of Fuel Importers (Abicom), Sérgio Araújo, stated that, although there are price discrepancies, it is not the ideal time to make adjustments, as international prices tend to rise due to the European embargo on Russian diesel.

According to Abicom’s estimates, Petrobras diesel is 18% more expensive than if imported, while gasoline costs 10% above import parity. Since Roberto Castello Branco took office as president of Petrobras, fuel prices have not undergone adjustments.

However, the Brazilian Center for Infrastructure (CBIE) estimates that diesel is 14.14% above parity and gasoline 8.86%. The decision on prices is made by executives from the previous management based on import parity.

The president of Petrobras appointed a new marketing director and four new executives for the company’s boards. These names are being evaluated by Petrobras’s integrity committees. However, there is still no appointee for the financial director position.

Source: REUTERS

Fuel Prices: Diesel and Gasoline from Petrobras Are Higher Than International Prices, and High Tax Rates on Fuels in Brazil Are Pointed Out as the Main Cause for This Difference

The Average Prices of Gasoline and Diesel from Petrobras Sold to Distributors in Brazil Are Above Import Parity, Opening Space for the Oil Company to Reduce Prices at Its Refineries.

Petrobras with Jean Paul Will ‘Brazilianize’ Fuel Prices, Says FUP

Libya built over 4,000 kilometers of underground pipelines to bring water from the Sahara to coastal cities in a project that the government itself called the Eighth Wonder of the World.

Desert sand, previously discarded for being too smooth for concrete, becomes an ecological brick in the United Arab Emirates, dispensing with Portland cement, curing at room temperature, and attempting to transform dunes useless for construction into raw material for a new arid engineering.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

With 70 tons of rock removed by hand and an 800-year-old abandoned cave, a former businessman transforms a dark shelter into a modern home carved in the heart of the forest.

Engine without traditional cylinder head could change the future of hybrids: Aramco creates DHE technology that simplifies mechanics, promises to reduce consumption by up to 25%, and challenges decades of evolution in combustion engines.

After building a 5-acre lake on his farm, the owner reveals plans for a new artificial lake with a flowing river, waterfalls, islands, and even an indoor version with a retractable roof to control light, temperature, and transform the rural landscape.

A giant is disappearing from the map: the Dead Sea, between Israel, Jordan, and the West Bank, loses 1.2 meters per year, has already shrunk by one-third in 50 years, and is 427 meters below sea level.

FAB bets on national drones and increases investments to strengthen the Brazilian aerospace industry

The Moon and Venus appeared side by side in the sky of Brasília, a photographer captured the rare encounter with a super camera and the image went viral, showing how a fleeting astronomical conjunction can transform an ordinary night into a spectacle seen throughout Brazil.

Ghost town of 4,000 residents, abandoned after the collapse of an iron mine, now becomes a drone training field for police, rescue, and emergency teams.

Fuel Prices: Diesel and Gasoline from Petrobras Are Higher Than International Prices, and High Tax Rates on Fuels in Brazil Are Pointed Out as the Main Cause for This Difference

The Average Prices of Gasoline and Diesel from Petrobras Sold to Distributors in Brazil Are Above Import Parity, Opening Space for the Oil Company to Reduce Prices at Its Refineries.

Petrobras with Jean Paul Will ‘Brazilianize’ Fuel Prices, Says FUP

Libya built over 4,000 kilometers of underground pipelines to bring water from the Sahara to coastal cities in a project that the government itself called the Eighth Wonder of the World.

Desert sand, previously discarded for being too smooth for concrete, becomes an ecological brick in the United Arab Emirates, dispensing with Portland cement, curing at room temperature, and attempting to transform dunes useless for construction into raw material for a new arid engineering.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

With 70 tons of rock removed by hand and an 800-year-old abandoned cave, a former businessman transforms a dark shelter into a modern home carved in the heart of the forest.

Engine without traditional cylinder head could change the future of hybrids: Aramco creates DHE technology that simplifies mechanics, promises to reduce consumption by up to 25%, and challenges decades of evolution in combustion engines.

Illegal betting money may change destination: government announces freezing of funds, contacts banks, and explains how the amounts could finance the fight against organized crime after a billion-dollar operation in three states.

Two sisters, aged 12 and 13, collected cans for a year, set up a lemonade stand without any help, and turned $236 into a business that has already grossed $65,000.

Central Bank changes rule that lasted decades and allows dollar and euro accounts in Brazil for exporters and companies with foreign capital, eliminating the need for currency exchange in some transfers starting in October 2026.

The Central Bank ends the R$ 500 limit on Pix by approximation, and account holders will be able to use the general Pix limit to pay any amount by tapping their phone on the terminal starting in October 2026.

After building a 5-acre lake on his farm, the owner reveals plans for a new artificial lake with a flowing river, waterfalls, islands, and even an indoor version with a retractable roof to control light, temperature, and transform the rural landscape.

A giant is disappearing from the map: the Dead Sea, between Israel, Jordan, and the West Bank, loses 1.2 meters per year, has already shrunk by one-third in 50 years, and is 427 meters below sea level.

FAB bets on national drones and increases investments to strengthen the Brazilian aerospace industry

The Moon and Venus appeared side by side in the sky of Brasília, a photographer captured the rare encounter with a super camera and the image went viral, showing how a fleeting astronomical conjunction can transform an ordinary night into a spectacle seen throughout Brazil.

Ghost town of 4,000 residents, abandoned after the collapse of an iron mine, now becomes a drone training field for police, rescue, and emergency teams.