Petrobras announces further reduction in the price of gasoline

Petrobras announces further reduction in the price of gasoline
Petrobras announces further reduction in the price of gasoline

The last change in the price of gasoline had been on August 16th. The price of a liter of diesel sold to refineries has remained at R$5.19 since August 12.

With the new reduction for distributors, and considering the mandatory blend of 73% gasoline A and 27% anhydrous ethanol for the composition of gasoline sold at gas stations, according to Petrobras, the company’s share in consumer price will increase from R$ 2.57, on average, to R$ 2.39 for each liter sold at the pump.

In a statement, the state-owned company said that the reduction follows the evolution of reference prices and is consistent with Petrobras’ pricing practice, which seeks to balance its prices with the market, but without passing on to domestic prices the conjunctural volatility of international quotes and the exchange rate.

Research by the ANP (Agência Nacional do Petróleo, Gás Natural e Biocombustíveis) shows that the prices of gasoline, diesel and ethanol have fallen again at gas stations in the last week. According to the survey, the average price of a liter of gasoline dropped from R$5.4 to R$5.25, a decrease of 2.8%. This is the lowest level since the week ended on February 27 of last year (R$ 5.17). The maximum value found at the stations was R$ 7.00.

The article is in Portuguese

Tags: Petrobras announces reduction price gasoline

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