Petrobras reduces gasoline prices for distributors

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A liter of gasoline goes from R$ 2.65 to R$ 2.52, a reduction of approximately R$ 0.14 a liter or 5.3%. Car is filled up at a gas station in Belo Horizonte Reproduction/TV Globo Petrobras announced this Friday (30) another reduction in the price of gasoline for distributors. The measure will be valid from this Saturday (1st). A liter of gasoline goes from R$ 2.65 to R$ 2.52, a reduction of approximately R$ 0.14 a liter or 5.3%. See the company note Starting tomorrow (01/07), Petrobras will reduce its average gasoline A price by R$ 0.14 per liter (-5.3%), which will now be R$ 2.52 per liter. Considering the mandatory blend of 73% A gasoline and 27% anhydrous ethanol for the composition of gasoline sold at service stations, Petrobras’ share in the consumer price will be, on average, R$ 1.84 for each liter sold at the pump. It should be noted that the amount effectively charged to the final consumer at the gas station is also affected by other factors such as taxes, blend of biofuels and profit margins from distribution and resale. The main objectives of Petrobras’ price reduction are to maintain the company’s price competitiveness vis-à-vis its customers’ main supply alternatives and the necessary market share for the optimization of refining assets in balance with the national and international markets. Aware of the importance of its products to Brazilian society, the company emphasizes that when setting its prices it seeks to avoid passing on the volatility of the international market and the exchange rate, while preserving a healthy competitive environment under the terms of current legislation. Transparency is fundamental In order to contribute to price transparency and better understanding by society, Petrobras publishes information on its website regarding its share and that of other agents in the formation and composition of average fuel prices for consumers.

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