Gasoline and Diesel at Petrobras refineries are experiencing a new price reduction this Wednesday (15), reaching the lowest value of the decade, except for inflation adjustments during the period. According to the Brazilian Infrastructure Center (CBIE), this is the lowest price since 2005.
See Also:
- French multinational with wind energy projects in RN announces opportunity for engineers today, April 17
- Adecco has 500 job openings in the healthcare area for Rio de Janeiro, São Paulo, and Brasília
- Zurich Airport Group signs agreement with BNDES to invest in the airports of Macaé and Vitória
Amid the new coronavirus pandemic and following trends in the international oil market, Petrobras announced a new reduction in gasoline and Diesel prices. The former saw an 8% reduction, bringing the price to R$ 0.99 per liter at refineries, while the latter had a 6% reduction, with an average price of R$ 1.52 per liter at refineries.
-
Starnav orders 10 hybrid vessels with German MTU engines in Itajaí and prepares fleet to serve Petrobras in the pre-salt for 12 years.
-
China wants to impress the world once again with a mega canal featuring giant locks, deep waters, and space for the largest ships, in a project aimed at shortening journeys, reducing queues, and rivaling the Panama Canal in global trade.
-
Brazil saved US$ 32.4 billion in 2025 by switching from fossil to renewable energy and only ranked behind China and the United States on the IRENA global podium.
-
A company from SC that moves R$ 125 billion in agribusiness is integrated into an international group, maintains its headquarters and jobs in Chapecó, and is preparing to expand software for cooperatives, grain companies, and industries while targeting new markets without leaving the western region of Santa Catarina.
Aside from this period of fluctuations caused by the pandemic, the lowest price per liter of gasoline was reached in July 2017 when fuels cost R$ 1.38 per liter for gasoline and R$ 1.69 per liter for diesel.
The expectation is that this reduction in refinery prices will not be well exploited by end consumers, as Petrobras states that sales plummeted in the first weeks of quarantine in Brazil. In the case of gasoline, the company’s estimate is that the sales reduction was around 60%.
According to the National Agency of Petroleum, Natural Gas and Biofuels (ANP), the reduction in fuel prices at the pumps reached about 8% in just one month. This is the lowest pump price since July 2017 for diesel and August of the same year for gasoline, excluding inflation adjustments.
In contrast, sugarcane mills suffered a negative impact due to low ethanol consumption and requested government assistance to face gasoline competition. Among the proposals being studied are exemptions from PIS/Cofins on hydrated ethanol, granting credit for product stock while the current situation persists, and raising the Cide rate on gasoline. The latter proposal aims to charge a higher tax amount when gasoline prices are low and reduce the tax rate when prices are high.
