After changing policy, Petrobras should reduce gasoline and diesel prices this Tuesday

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Petrobras is expected to announce this Tuesday (16) a reduction in the prices of gasoline and diesel at refineries in the country. If confirmed, the announcement will take place hours after the state-owned company changes its pricing policy and informs that it will no longer follow the Import Parity Price (PPI) formula – which takes into account the international fluctuations of the dollar and oil, in addition to costs of logistics to bring the oil to Brazil. Currently, gasoline and diesel cost in Brazil a value above that practiced in the international market. Therefore, Petrobras assesses that there is “room” to cut the price. New pricing policy The new pricing policy will no longer follow the import price parity, that is, the values ​​charged in the international market for the purchase of gasoline and diesel in the foreign market. According to the statement sent to the market, the state-owned company will take into account internal production and transport costs, with regional differences. The two Petrobras measures were approved yesterday by the executive board of the state-owned company and are in line with what President Lula had been claiming since the beginning of the government, in addition to having been his promise during the presidential campaign. According to a member of the state company, the changes will “Brazilianize” gasoline and diesel prices. With the changes, Petrobras wants to regain space in the market. Experts and advisers from the state-owned company warn, however, that it cannot keep practicing prices below the international market for a long time to conquer market because of its limitations for diesel production. Today, more than 25% of the diesel consumed in the country comes from abroad. In the evaluation of experts, the change leaves the definition of prices in the hands of the executive board, which may or may not follow the fluctuations of the international market, which often generates upward pressure within Brazil.

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