Petrobras: government wants alternatives so that international price changes do not affect consumers, says Haddad

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Minister said that he will place technicians from the portfolio at the disposal of the Ministry of Mines and Energy to ‘do a job worthy of the task entrusted by the President of the Republic’. Minister Fernando Haddad on announcing the partial reencumbrance of gasoline and ethanol JN The Minister of Finance, Fernando Haddad, said this Thursday (2nd) that he will provide technicians from the portfolio to the Ministry of Mines and Energy to find alternatives so that variations in the international price of oil do not weigh heavily on the consumer’s pocket. Haddad was asked whether there will be a change in Petrobras’ pricing policy to “Brazilianize” fuel prices, a campaign promise by President Luiz Inácio Lula da Silva. “We are going to place our best staff at the disposal of the Ministry of Mines and Energy to find alternatives so that possible variations in international prices that penalized the consumer in the last government do not weigh on the consumer’s pocket”, declared Haddad. State price policy Currently, the prices that Petrobras charges in the domestic market vary according to the price of oil in the foreign market and, consequently, with the exchange rate. International prices are quoted in dollars. Understand: whenever the price of oil in the world or the dollar exchange rate in Brazil goes up, fuel prices also go up for the domestic consumer. This mechanism is intended to prevent prices in the country from falling behind in relation to the rest of the world, which could, ultimately, discourage fuel imports and lead to shortages. During the government transition, in November last year, Wellington Dias (PT-PI), then coordinator of the 2023 budget adjustments in the transition team, said that the idea under study at the time was to consider, instead of oil variations in the foreign market and the dollar, the average price of refining in Brazil and abroad. “The price of fuel at the gas station will consider the average price of refining in Brazil and also abroad. Today, it only forecasts the value abroad,” he explained. Currently, Dias is Minister of Social Development. Petrobras Míriam Leitão and Gerson Camarotti analyze fuel recharging This week, Petrobras announced a reduction in fuel prices. The drop was 3.92% for gasoline and 1.95% for diesel. The measure mitigated, in consumer prices, the increase in taxes on gasoline and ethanol. On Tuesday, the state-owned company reported, through a statement, that “product price adjustments are carried out in the normal course of its business and follow its current commercial policies”. “Petrobras reiterates its commitment to the practice of competitive prices and in balance with the market, while avoiding the immediate pass-through of external and exchange rate volatilities caused by conjuncture events”, he added. On the occasion, Petrobras also informed that it “continuously monitors the markets, which includes, among other procedures, the daily analysis of the behavior of our prices in relation to international quotations”.

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