President Jair Bolsonaro (PL) said this Wednesday (31/8) that Petrobras should announce “one more good news” until this Friday (2/9), indicating a further reduction in the price of fuel passed on to distributors. . According to him, “good news” has been a “practice” of President Caio Paes de Andrade, who took command of the oil company in June.
“Fuel… every week we have good news. Today is Wednesday. I think that by Friday there will be more good news, because it is being a practice of the new president of Petrobras”, he said in an interview with SBT, before the electoral rally in Curitiba (PR).
Bolsonaro has a habit of anticipating some of the reductions announced by Petrobras. He, however, denies that he has privileged information about the company. Last year, the Securities and Exchange Commission (CVM) even opened an administrative proceeding against the oil company to investigate a suspicious case also involving the President of the Republic.
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Petrobras is a state-owned mixed capital company that is publicly traded and whose majority shareholder is the Brazilian government.Aline Massuca/Metropolis
Since 2016, the state-owned company has adopted the Import Parity Price (PPI) policy, which combines the value of oil in refineries with the price of the product in dollars on the international market.Aline Massuca/Metropolis
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This link makes the cost of oil derivatives volatile and results in constant readjustments.Aline Massuca / Metropolis
For this reason, changes in fuel prices are frequent, which, depending on the international market and the dollar exchange rate, can have a positive or negative impact on the consumer’s pocket.Hugo Barreto / Metropolis
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The controversy is that, according to the National Agency of Petroleum, Natural Gas and Biofuels (ANP), Brazil produces around 3 million barrels of oil per day. Which would be more than enough for the consumption of derivatives in the country, if it were not for some details necessary to make the product “usable”Daniel Ferreira / Metropolis
According to experts, Brazil is excellent in extraction, not refining. In addition, there are heavy and so-called light oils. This composition will define which one is ideal for producing gasoline, diesel or other crude oil derivatives.Aline Massuca/Metropolis
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Therefore, despite good production, our refineries are unable to supply the domestic market. So, we continue to import fuels and sell excess crude oil that we are unable to refine.Brazil Agency
In addition to the price of Petrobras itself, the price of gasoline in Brazil is also subject to the tax burden. ICMS, Cide, PIS/Pasep and Confis, for example, are some of the taxes that help determine the price of fuel Vinícius Schmidt/Metropolis
Since June, Petrobras has made successive reductions in the prices of fuels, such as diesel, gasoline and aviation kerosene. Last week, the company announced a 10.4% reduction in the price of jet fuel (QAV) by 10.4% from September 1. It is the second consecutive reduction in the value of fuel: at the beginning of the month, the state-owned company had reduced the price by 2.6%.
The last reduction in the price of gasoline sold to distributors was made on August 15, when Petrobras announced a reduction of 4.85%. Already the price of diesel charged at refineries had a reduction of 4.07% on August 11.