Petrobras Remains Resilient and Maintains Diesel Price R$ 0.70 Below International Parity After Increase in Refining Margins Raises Diesel and Oil Prices Worldwide

Written by Flavia Marinho

Published on 22/10/2022 at 21:52

Preco do diesel e gasolina Petrobras – Imagem OPOvo

Be the first to react!

Pressure on Fuel Prices Increases on the Eve of the 2nd Round. Petrobras Maintains Prices at Its Refineries Since September 2 for Gasoline and Since September 20 for Diesel.

Even with the price of diesel and oil facing strong pressure and rising in the international market, Petrobras keeps the fuel price lagging behind international parity, points out Abicon.

According to information from S&P Global Commodity Insights, refining margins in the Atlantic Basin, where the Brazilian market is located, have risen in recent weeks. This represents an increase in diesel and oil prices, reinforcing the pressure on fuel, on the eve of the 2nd round of the presidential elections in Brazil.

Refinery Strike in France and the Reduction of US Stocks Impact Refining Margins

The refinery strike in France and the reduction of US stocks have significantly contributed to the supply, as demand is expected to increase due to the approaching winter in the Northern Hemisphere.

ARTICLE CONTINUES BELOW

See also

By and large, the oil derivatives imported by Brazil come from the Atlantic coast of the US, where the crack spread (refining margin, measured by the difference between the price of the derivative and that of crude oil) rose last week to US$ 30.69 per barrel, representing a 14% increase from the previous week.

According to hEDGEpoint Global Markets, to try to match the warming European demand, US refineries have been striving to exceed their diesel production.

“American diesel supply reached the highest level in the last five years for this time of year. However, exports are high, and stocks have fallen to dangerously low levels. Diesel prices in the US and Europe have skyrocketed, and winter has not even started,” notes Energy and Macroeconomics analyst, Heitor Paiva.

Gasoline and Diesel Prices Lagging in Brazil

The Brazilian Association of Fuel Importers (Abicom), states that for Petrobras to maintain parity with the international market, it would be necessary for the state-owned company to increase the price of diesel by 70 cents per liter. The deficit for gasoline was 18 cents (5%).

It is worth noting that Petrobras has not changed the price of gasoline for almost two months and diesel for 30 days, maintaining the same values at its refineries since September 2 for gasoline and since September 20 for diesel.

Petrobras Remains Resilient and Maintains Diesel Price R$ 0.70 Below International Parity After Increase in Refining Margins Raises Diesel and Oil Prices Worldwide

Pressure on Fuel Prices Increases on the Eve of the 2nd Round. Petrobras Maintains Prices at Its Refineries Since September 2 for Gasoline and Since September 20 for Diesel.

Refinery Strike in France and the Reduction of US Stocks Impact Refining Margins

Gasoline and Diesel Prices Lagging in Brazil

A village with 115 inhabitants wants new residents: it offers a house, a job, up to 44 thousand euros in benefits, almost free rent, an annual grant of 8 thousand euros for 3 years, and a 20 thousand euro incentive for businesses in the mountains of Italy.

Goodbye traditional washing machine: Xiaomi surprises and launches an ultra-slim version with 27 programs, 3D water flow, steam sterilization, app control, enlarged drum, and a silent system with double suspension

NASA is offering US$ 750,000 to people from anywhere in the world who solve a problem that could decide survival on Mars: creating food for astronauts without relying on resupply from Earth.

With an 88-meter wingspan, a capacity of 250 tons, six engines, and 32 wheels, the Ukrainian giant became the greatest symbol of extreme air transport and one of the most impressive machines in aviation history.

Toyota ends the Diesel era: new Hilux with up to 380 km of urban range brings 196 hp, 59.2 kWh battery, 4×4 traction and 715 kg of load capacity

After 16 years and almost 600 prototypes, a Chinese inventor unveils the world’s smallest and cheapest manned jet, at just 3.80 meters long and costing US$7.2 thousand in materials.

Magalu has a clearance sale on JBL Boombox 4 with 210W of power, 34-hour battery, and 3-way system.

The almost empty “city” of Greenland, which defies urban logic, covers about 531,000 km², has few inhabitants, and looks more like a frozen territory than a traditional metropolis.

For the first time, scientists created a “time crystal” visible to the naked eye using liquid crystals and blue light, paving the way for new technology.

Take a free technical course at the Federal Institute and receive a scholarship of R$ 1,425.97 in partnership with the multinational XCMG; there are 45 open positions for Mechanical Technician at IFSULDEMINAS with the right to a formal employment contract.

The Brazilian watch that NASA chose for the wrists of the four Artemis II astronauts around the Moon — and the company that beat global competition is located in São Paulo.

Armed ships, uncrewed and operating in dangerous locations: how the US ghost ship fleet transforms commercial vessels into autonomous machines of up to 2,000 tons for dangerous missions without putting crews on the front line.

Petrobras Remains Resilient and Maintains Diesel Price R$ 0.70 Below International Parity After Increase in Refining Margins Raises Diesel and Oil Prices Worldwide

Pressure on Fuel Prices Increases on the Eve of the 2nd Round. Petrobras Maintains Prices at Its Refineries Since September 2 for Gasoline and Since September 20 for Diesel.

Refinery Strike in France and the Reduction of US Stocks Impact Refining Margins

Gasoline and Diesel Prices Lagging in Brazil

A village with 115 inhabitants wants new residents: it offers a house, a job, up to 44 thousand euros in benefits, almost free rent, an annual grant of 8 thousand euros for 3 years, and a 20 thousand euro incentive for businesses in the mountains of Italy.

Goodbye traditional washing machine: Xiaomi surprises and launches an ultra-slim version with 27 programs, 3D water flow, steam sterilization, app control, enlarged drum, and a silent system with double suspension

NASA is offering US$ 750,000 to people from anywhere in the world who solve a problem that could decide survival on Mars: creating food for astronauts without relying on resupply from Earth.

With an 88-meter wingspan, a capacity of 250 tons, six engines, and 32 wheels, the Ukrainian giant became the greatest symbol of extreme air transport and one of the most impressive machines in aviation history.

Toyota ends the Diesel era: new Hilux with up to 380 km of urban range brings 196 hp, 59.2 kWh battery, 4×4 traction and 715 kg of load capacity

After 16 years and almost 600 prototypes, a Chinese inventor unveils the world’s smallest and cheapest manned jet, at just 3.80 meters long and costing US$7.2 thousand in materials.

Magalu has a clearance sale on JBL Boombox 4 with 210W of power, 34-hour battery, and 3-way system.

Oil moves trillions worldwide, dominates energy generation, and continues to be a strategic resource for major global powers.

United States intercepts six Iranian vessels in the Strait of Hormuz and April ceasefire is once again threatened

Venezuela sits on almost 20% of the planet’s proven oil, but exploring the Orinoco Belt could turn the world’s largest reserve into a climate, environmental, and industrial problem.

Petrobras approved the final investment decision for SEAP I (Sergipe Deep Waters), opening a new production frontier in the Northeast: Total investment for the two modules (SEAP I + SEAP II) exceeds R$ 60 billion, with an estimated production of more than 1 billion barrels of oil equivalent.

Oil continues to fall as negotiations advance between the United States and Iran and the expectation of greater global geopolitical stability.

The almost empty “city” of Greenland, which defies urban logic, covers about 531,000 km², has few inhabitants, and looks more like a frozen territory than a traditional metropolis.

For the first time, scientists created a “time crystal” visible to the naked eye using liquid crystals and blue light, paving the way for new technology.

Take a free technical course at the Federal Institute and receive a scholarship of R$ 1,425.97 in partnership with the multinational XCMG; there are 45 open positions for Mechanical Technician at IFSULDEMINAS with the right to a formal employment contract.

The Brazilian watch that NASA chose for the wrists of the four Artemis II astronauts around the Moon — and the company that beat global competition is located in São Paulo.

Armed ships, uncrewed and operating in dangerous locations: how the US ghost ship fleet transforms commercial vessels into autonomous machines of up to 2,000 tons for dangerous missions without putting crews on the front line.