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

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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.

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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

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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

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

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The São Paulo government opens 1,700 spots in free courses in the capital and Greater São Paulo, with classes starting on April 27 and registrations available in person or online for areas with high demand in the job market.