Average sale value of fuel to distributors starting tomorrow will go from R$ 3.08 to R$ 3.31 per liter, an increase of R$ 0.23.| Photo: Marcelo Camargo/Agência Brasil

Petrobras announced this Tuesday (24th) that it will make a 7.4% readjustment in the price of gasoline sold to distributors starting tomorrow (25th). In a statement, the company stated that the average selling price of Petrobras A gasoline to distributors will rise from R$3.08 to R$3.31 per liter, an increase of R$0.23 per liter.

According to Petrobras, considering the mandatory blend of 73% A gasoline and 27% anhydrous ethanol for the composition of gasoline sold at service stations, the oil company’s share in the consumer price will be, on average, R$ 2.42 per 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 the company in a note.