Petrobras reduces gasoline price by R$ 0.25 at refineries | Economy

Petrobras reduces gasoline price by R$ 0.25 at refineries | Economy
Petrobras reduces gasoline price by R$ 0.25 at refineries | Economy


Price per liter will be R$ 3.28 as of this Friday – Marcello Casal Jr/Agência Brasil

Value of the liter will be R$ 3.28 from this FridayMarcello Casal Jr/Agência Brasil

Published 01/09/2022 10:48 | Updated 01/09/2022 10:48

Petrobras announced this Thursday, 1st, a 7% reduction in the price of a liter of gasoline at its refineries. As of Friday, the 2nd, the average sale price of gasoline for distributors will go from R$3.53 to R$3.28 per liter, a reduction of R$0.25 per liter.

President Jair Bolsonaro said on Wednesday, 31, that there would be “good news” from Petrobras in this regard. “Fuel every week we have good news. Today is Wednesday, I think by Friday there will be more good news because it is being a practice of the new president of Petrobras”, said Bolsonaro in Curitiba, where he participated in a rally.

This is the fourth reduction in the price of the input at the state-owned refineries since July. 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 quotations and the exchange”, the state-owned company said in a note.

According to the company, considering the mandatory blend of 73% gasoline A and 27% anhydrous ethanol for the composition of gasoline sold at gas stations, Petrobras’ share of consumer price will rise from R$ 2.57, on average, to R$ $2.39 for every liter sold at the pump.

The article is in Portuguese

Tags: Petrobras reduces gasoline price refineries Economy

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