Understand the advance of Petrobras shares with the new price policy for diesel and gasoline

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Shares of the oil company closed at an increase of more than 2% on Tuesday, after the announcement of the end of the oil import parity. After Petrobras announced the end of the oil import parity and the reduction in the prices of gasoline, diesel oil and cooking gas, the oil company’s shares closed at an increase of more than 2% this Tuesday (16). The readjustment was already foreseen by the financial market, but it was lower than estimated and influenced a positive reaction on the Stock Exchange. This is what economics reporter Manoel Ventura, from the newspaper “O Globo”, assesses in an interview with Natuza Nery. “The market had already calculated that Petrobras could make this price adjustment, considering the value of the dollar and a barrel of oil. It made a calculation that was even more generous than Petrobras. , all of this influenced the positive movement of the shares.” Petrobras headquarters building, in downtown Rio Marcos Serra Lima/g1 The Ibovespa, the main index of the São Paulo Stock Exchange, the B3, closed Tuesday down 0.77%, largely affected by the rise in shares from Petrobras. With the PPI, fuel prices in Brazil were guided by fluctuations in the price of a barrel of oil in the international market and by the dollar exchange rate. Market analysts heard by g1 saw positive points in the new price calibration, but made reservations for what they consider “lack of transparency” about how prices will be calculated. For Manoel, the announcement came at a politically strategic moment for the Lula government, since the urgency of the fiscal framework will be voted on in the Chamber this week. “The president needed to show that he was taking measures to reduce fuel prices, including as a way of signaling to his base, which is uncomfortable with the fiscal framework.” Listen to the full interview on the podcast The Subject Petrobras announces the end of oil import parity and new pricing policy

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