As of this Tuesday, the 20th, Petrobras will sell diesel oil to distributors at a 6% lower price: the liter of the product will drop from R$ 5.19 to R$ 4.89, a reduction of R$ 0.30 per liter. Since August, this was the third reduction in the price of the product, and the cumulative reduction is 12.83%.
Considering the mandatory mixture of 90% diesel A and 10% biodiesel for the composition of the diesel sold at service stations, Petrobras’ share of the consumer price will increase from R$ 4.67, on average, to R$ 4.40 at each liter sold at the pump, according to calculations reported by the state-owned company, in note.
According to Petrobras, the reduction follows the evolution of reference prices and is consistent with Petrobras’ pricing practice, “which seeks to balance its prices with those of the market, but without passing on to domestic prices the conjunctural volatility of quotations and the exchange rate”.
President Jair Bolsonaro (PL), on his personal Twitter account, commented on the new reduction, saying that his government “has zeroed the federal tax on diesel”.
This is the third cut that Petrobras has made in the price charged for diesel at refineries since August. The first was announced on Aug., when the value of a liter dropped from R$ 5.61 to R$ 5.41. The second reduction was on August 11, and the price for resellers fell from R$5.41 to R$5.19. Prior to that, the last decrease made by the company was on May 1, 2021.
With the three reductions in a row, the price of oil fell, for distributors, 12.83%.