Gasoline remains below the international price, even with Petrobras readjustment

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State announced an increase of R$ 0.23 per liter, which represented an increase of 7.46%. According to Abicom, the fuel was R$ 0.49 below the price practiced in the international market. Fuels, gasoline Marcelo Camargo/Agência Brasil The gasoline readjustment announced by Petrobras this Tuesday (24) keeps the price of fuel lower in Brazil than that practiced in the international market, according to the international parity report of the Brazilian Association of Importers of Fuels (Abicom). The state-owned company increased the nominal value of a liter of gasoline for refineries by R$ 0.23. This is an increase from R$ 3.08 to R$ 3.31 per liter. Before the readjustment, however, Abicom stated that Brazilian gasoline was between R$ 0.49 and R$ 0.55 below the parity price. Gasoline, therefore, is about 14% cheaper than necessary to bring it to a level equivalent to the international market. “The international market and the exchange rate put pressure on domestic prices. PPI [Preço de Paridade Internacional] accumulates an increase of R$ 0.61/L since the last adjustment in Petrobras prices”, said the association in a note on Monday. This Wednesday, Abicom releases the first report considering the new Petrobras prices. READ MORE INFLATION: IPCA-15: inflation preview stands at 0.55% in January AMERICANAS: ‘Americanas drove me to bankruptcy and now I fear I’ll never get my money back’ Prices at gas stations Petrobras announced this Tuesday (24th) that it will increase the price of gasoline to distributors from January 25. Prices for other fuels did not change. It is worth remembering that the final value of fuel prices at pumps depends not only on amounts charged at refineries, but also on taxes and margins profit for distributors and resellers. The service stations are free to set the prices charged, thus, the drop in the price charged by Petrobras may take time — or not even reach — the pumps. According to Petrobras, the mandatory mixture of 73% of A gasoline and 27% of anhydrous ethanol for the composition of gasoline sold at gas stations means that the portion that remains with the company is, on average, R$ 2.42 for each liter sold at the pump. “This increase accompanies 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 quotations and the exchange rate “, says Petrobras.

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