Petrobras reduces cooking gas prices by 6% starting this Friday (23) | Campos Mail

Petrobras reduces cooking gas prices by 6% starting this Friday (23) | Campos Mail
Petrobras reduces cooking gas prices by 6% starting this Friday (23) | Campos Mail

Petrobras will reduce the price of cooking gas (LPG) from 4.0265 reais to 3.7842 per kilo as of Friday (23), according to a statement released this Thursday (22). The 6% reduction is equivalent to an average decrease of 3.15 reais for each 13 kg cylinder, which will be sold to distributors for 49.19 reais.

The oil company said in the statement that the reduction follows the evolution of reference prices and is consistent with its pricing practices. For the managing partner of the Brazilian Center for Infrastructure (CBIE), Pedro Rodrigues, the reduction follows the behavior of the barrel of oil in the international market.

“Even with prices still very volatile and fuels being sold at a premium in Brazil, Petrobras has a smart commercial strategy, applying small reductions week by week, respecting the PPI (Import Parity Price),” Rodrigues told Reuters.

This is the fourth change in LPG prices by Petrobras this year, after an increase in March and two reductions in April and this month.

The last reduction for distributors, of 4.73%, which came into effect on the 13th, was not reflected in prices for consumers, according to data from the ANP regulator.

The agency’s price survey points out that the average price of a 13 kg cylinder at resale stations went from 111.91 reais in the week before the reduction to 113.25 reais in the week that covered the readjustment, an increase of 1.2 %.

An industry source told Reuters, on condition of anonymity, that the reduction was possibly “neutralized” by projected costs from this year’s wage adjustment for workers at both distributors and dealerships.

“Negotiations are still ongoing, but when the collective bargaining agreement is paid, it will be retroactive to September 1, the base date for the category. So it may have had an impact,” the source said.

Source: RIC More

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The article is in Portuguese

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