Petrobras reduces gasoline prices and increases diesel prices

Fuels

Adjustments will come into effect from next Saturday

Petrobras announced this Thursday (19) a new adjustment in the price of fuels sold to distributors. The changes come into effect from Saturday (21). The average selling price of gasoline will be R$2.81 per liter, a reduction of R$0.12 per liter. As there is a mandatory mixture of 73% gasoline A and 27% anhydrous ethanol in the composition of gasoline sold at stations, Petrobras’ share will be, on average, R$2.05 for each liter sold at the pump.

The average selling price of diesel to distributors will be R$4.05 per liter, an increase of R$0.25 per liter. As it is mandatory to mix 88% diesel A and 12% biodiesel in the composition of the diesel sold at gas stations, Petrobras’ share will be, on average, R$ 3.56 for each liter sold at the pump.

In the year-to-date variation in sales prices for gasoline A and diesel A for distributors, there is a reduction of R$0.27 per liter of gasoline and R$0.44 per liter of diesel.

“The commercial strategy we adopted at Petrobras during this administration has proven to be successful, especially in terms of making Petrobras competitive in the market and avoiding the transfer of volatility to the consumer. Proof of this is that throughout this year, even with the value of Brent higher than last year, the prices of our products have accumulated drops, very different from what happened throughout 2022”, said the president of Petrobras, Jean Paul Prates.

Petrobras states that the adjustments in gasoline and diesel can be explained by different movements in the market and in the state-owned company’s commercial strategy. In the case of gasoline, there is the end of the period of greatest global demand, with greater availability and devaluation of the product compared to oil. In the case of diesel, global demand remains unchanged, with the expectation of a seasonal increase, which makes the product more valuable compared to oil. The company also reinforced that it seeks to avoid passing on the volatility of the international market and the exchange rate to Brazilian society, but that it also preserves a competitive environment under current legislation.

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