Drop In Diesel And Gas Prices Starting Tomorrow (05/17): After Fuel Price Increases, Petrobras Takes Measures To Benefit Distributors And Ease Consumer Costs

Written by Flavia Marinho

Published on 16/05/2023 at 14:09

Preços da gasolina e do diesel despencam – Fila em posto de combustível Petrobras / Imagem campograndenews

Be the first to react!

Aware of the Importance of Diesel and Gasoline for Brazilian Society, Petrobras Seeks to Avoid Passing on the Volatility of the International Market and the Exchange Rate.

Petrobras, the largest oil producer in Brazil, announced a significant reduction in diesel and gasoline prices. Starting tomorrow (5/17), the company will reduce the average selling price of diesel A by R$ 0.44 per liter, from R$ 3.46 to R$ 3.02 per liter. Meanwhile, the average selling price of gasoline A will be reduced by R$ 0.40 per liter, from R$ 3.18 to R$ 2.78 per liter.

Impact on the Consumer’s Pocket and Factors Influencing the Final Price

This price reduction promoted by Petrobras will have direct implications for the consumer’s pocket. To better understand, it’s important to consider the composition of the fuels sold at gas stations. In the case of diesel S10, for example, which is composed of 88% diesel A and 12% biodiesel, Petrobras’ share in the final price to the consumer will be, on average, R$ 2.69 per liter. Taking into account the shares of other agents involved, according to data from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) for the period from May 7 to 13, the average price to the final consumer could reach R$ 5.18 per liter of diesel S10.

In the case of regular gasoline, which is composed of 73% gasoline A and 27% anhydrous ethanol, Petrobras’ share in the final price to the consumer will be, on average, R$ 2.03 per liter. Considering the shares of other involved agents, according to ANP data, the average price to the final consumer could reach R$ 5.20 per liter.

ARTICLE CONTINUES BELOW

How Does Petrobras Determine Its Prices? – Influence of the International Market and the Exchange Rate

Petrobras, aware of the importance of its products for Brazilian society, seeks to avoid passing on the cyclical volatility of the international market and the exchange rate. This is done with the aim of preserving a competitive environment in accordance with current legislation.

The price of fuels in Brazil is influenced by several factors, including the price of oil in the international market, the exchange rate, transportation and storage costs, federal and state taxes, and the mandatory blend of biofuels.

Petrobras adjusts its prices at refineries based on market variations, without a defined periodicity. It is worth noting that the Brazilian state-owned company is the main producer and refiner of oil and derivatives in Brazil, but it is not the only one. It operates in a regime of free competition with other national and foreign companies that import and market fuels in the country.

To determine its selling prices at refineries, Petrobras follows a import parity policy (PPI), which considers the price of oil in the international market, the exchange rate, transportation costs, and customs taxes. The PPI aims to ensure that Petrobras’ prices are competitive with those of importers and that the company does not incur losses or subsidize the internal market.

Trusted Source and Transparency

Transparency is fundamental for Petrobras, and the company seeks to contribute to a better understanding of society regarding fuel prices. To this end, the company provides on its website information about its share and that of other agents in the formation and composition of average fuel prices to consumers.

Drop In Diesel And Gas Prices Starting Tomorrow (05/17): After Fuel Price Increases, Petrobras Takes Measures To Benefit Distributors And Ease Consumer Costs

Aware of the Importance of Diesel and Gasoline for Brazilian Society, Petrobras Seeks to Avoid Passing on the Volatility of the International Market and the Exchange Rate.

Impact on the Consumer’s Pocket and Factors Influencing the Final Price

How Does Petrobras Determine Its Prices? – Influence of the International Market and the Exchange Rate

Seven world powers including the US, China, and Russia are spending €22 billion on a reactor in the south of France that aims to confine plasma at 150 million degrees Celsius, ten times the temperature of the Sun’s core, using a magnetic field capable of lifting an entire aircraft carrier.

While Brazil has been discussing bullet trains for 16 years, China delivers 5 new high-speed lines in 2026, surpasses 50,000 km of HSR, and moves 1 billion passengers in a single year.

With a wingspan of 152 meters, 76 tires, and a capacity to carry 1,270 tons, the Boeing Pelican was the giant “flying ship” that promised to cross oceans close to the water on an invisible air cushion beneath its wings.

Elon Musk’s internet comes to mobile: Starlink technology connects smartphones without an antenna via satellite, works even without carrier signal, already costs just US$10 extra in the US, and could arrive in Brazil as an included benefit.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

New microwave that can replace three appliances hits the market: Sharp launches 3-in-1 model that combines air fryer, convection oven, and heating in 0.9 cubic feet for small kitchens

BYD produces up to 4,400 cars per day and one vehicle every 20 seconds at its largest factory in Xi’an, surpasses Tesla in industrial pace, leaves Volkswagen far behind in pure electric vehicles, and consolidates China as the birthplace of the world’s largest electric car manufacturer.

Chilean farm swaps land for water and installs a floating solar power plant in an irrigation reservoir to generate energy without losing orchard space

A waste picker found a dental X-ray machine discarded as common trash in Curitiba, took the equipment home, and called the firefighters, who isolated the area until the Sanitary Surveillance confirmed there was no risk of contamination or continuous radiation emission.

Sweeping or vacuuming in places with rodent feces or urine increases the risk of hantavirus inhalation, warns infectious disease specialist Daniel Paffili. The recommendation is to ventilate the environment for 30 minutes and moisten the surfaces with bleach.

An NGO ship departs from Barcelona bound for Cuba with medicines, food, and solar panels for a pediatric hospital in Havana. The Open Arms mission has the support of more than 20 organizations and will make stops in five ports before crossing the Atlantic.

Drop In Diesel And Gas Prices Starting Tomorrow (05/17): After Fuel Price Increases, Petrobras Takes Measures To Benefit Distributors And Ease Consumer Costs

Aware of the Importance of Diesel and Gasoline for Brazilian Society, Petrobras Seeks to Avoid Passing on the Volatility of the International Market and the Exchange Rate.

Impact on the Consumer’s Pocket and Factors Influencing the Final Price

How Does Petrobras Determine Its Prices? – Influence of the International Market and the Exchange Rate

Seven world powers including the US, China, and Russia are spending €22 billion on a reactor in the south of France that aims to confine plasma at 150 million degrees Celsius, ten times the temperature of the Sun’s core, using a magnetic field capable of lifting an entire aircraft carrier.

While Brazil has been discussing bullet trains for 16 years, China delivers 5 new high-speed lines in 2026, surpasses 50,000 km of HSR, and moves 1 billion passengers in a single year.

With a wingspan of 152 meters, 76 tires, and a capacity to carry 1,270 tons, the Boeing Pelican was the giant “flying ship” that promised to cross oceans close to the water on an invisible air cushion beneath its wings.

Elon Musk’s internet comes to mobile: Starlink technology connects smartphones without an antenna via satellite, works even without carrier signal, already costs just US$10 extra in the US, and could arrive in Brazil as an included benefit.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

New microwave that can replace three appliances hits the market: Sharp launches 3-in-1 model that combines air fryer, convection oven, and heating in 0.9 cubic feet for small kitchens

Anvisa decides this Wednesday (13) whether to maintain the suspension of Ypê detergents, disinfectants, and laundry detergents. The company filed an appeal but kept two factories in Amparo (SP) idled. The agency’s guidance is not to use the products.

Farm in Matopiba transforms cattle manure into natural fertilizer, becomes self-sufficient in phosphorus, and shows how crop-livestock integration can reduce costs amid Brazil’s dependence on imported fertilizers.

Chapada dos Veadeiros is home to more than 200 springs that feed the São Francisco, Paraná, and Paraguay rivers, and now the government of Goiás is discussing loosening environmental rules to allow rare earth mining after a 15-year agreement signed with the United States.

The government launched this Monday (05/11) Tesouro Reserva, a public bond with profitability of 100% of the Selic, a minimum investment of R$ 1, and immediate redemption, aimed at emergency reserves. For now, it is only possible to invest through Banco do Brasil.

BYD produces up to 4,400 cars per day and one vehicle every 20 seconds at its largest factory in Xi’an, surpasses Tesla in industrial pace, leaves Volkswagen far behind in pure electric vehicles, and consolidates China as the birthplace of the world’s largest electric car manufacturer.

Chilean farm swaps land for water and installs a floating solar power plant in an irrigation reservoir to generate energy without losing orchard space

A waste picker found a dental X-ray machine discarded as common trash in Curitiba, took the equipment home, and called the firefighters, who isolated the area until the Sanitary Surveillance confirmed there was no risk of contamination or continuous radiation emission.

Sweeping or vacuuming in places with rodent feces or urine increases the risk of hantavirus inhalation, warns infectious disease specialist Daniel Paffili. The recommendation is to ventilate the environment for 30 minutes and moisten the surfaces with bleach.

An NGO ship departs from Barcelona bound for Cuba with medicines, food, and solar panels for a pediatric hospital in Havana. The Open Arms mission has the support of more than 20 organizations and will make stops in five ports before crossing the Atlantic.