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According to Data from the Ministry of Mines and Energy, Petrobras’ Refinery Utilization Capacity is Around 66%
In the first half of April, the utilization factor of Petrobras’ refineries had fallen to less than 55%. Today, based on data released by the Ministry of Mines and Energy, the utilization capacity has stabilized at around 66%. In total, the state-owned company accounts for 99% of the refining capacity in the country.
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Before the worsening of the coronavirus crisis in the country, as well as the implementation of restrictive measures on the movement of people, Petrobras’ refineries recorded a utilization factor above 75% (first half of March). However, due to a decrease in fuel demand in Brazil, activities in the refineries were scaled back.
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The recovery in the utilization factor began in the past few weeks, when the index surpassed the 60% mark on April 22 and then stabilized at 66% between May 6 and 10, the latest data made available by the ministry.
