ANP announces daily monitoring of fuel inventories in Brazil

The National Oil and Gas Agency (ANP) announced on Tuesday (22) that it will monitor the stocks of fuels in Brazil, a measure he called “on-demand supply”.

In this way, economic agents in the national territory will need to inform daily the stocks they have and the imports carried out.

According to the ANP, so far, the supply is regular throughout the country, and the warning seeks “only to allow this monitoring of inventories and imports from producers and distributors to be intensified”.

The notice with the notice of warning determines that information on stocks and imports be sent by 12:00 each day, and includes Gasoline the oil diesel AS 10, AS 500 diesel oil, aviation kerosene (QAV) and liquefied petroleum gas (LPG).

The decision was taken due to the “current global geopolitical situation”, with the war between Ukraine and Russia. Due to the conflict, prices for Petroleumalready under pressure, soared and exceeded US$ 100, making fuel more expensive.

“The supply warning mechanism allows dynamic monitoring of supply, subsidizing possible preventive actions”, says the ANP in a note.

The announcement was made after the publication, on March 10, of an ordinance from the Ministry of Mines and Energy which created the Sectorial Committee for Monitoring the National Supply of Fuels and Biofuels.

The body’s objective is to “manage the issues inherent to the national supply of fuels and biofuels” and “intensify the monitoring of the current energy situation, given the global geopolitical situation, with an impact on the flows and prices of these energy sources”.

shortage

According to professor Maurício Canêdo, from FGV, the measure is “just a tool for the regulatory body to monitor this possibility. [de desabastecimento] closer”, but it has no practical effect on fuel prices.

Edmilson Moutinho, professor at IEE-USP, says that “from a regulatory point of view, it is a standard procedure. In times of emergency, it is good for the agency to have a closer follow-up and to be able to identify possible shortages in advance”.

The professor points out that, according to the ANP, the measure would allow the adoption of palliative or mitigating measures, but without clarifying which ones they would be. “We need to know what these measures are. What instruments do we currently have? I think we are very weakened,” he says, citing the country’s lack of strategic stockpiling.

“Importers are struggling to import diesel. We may also have problems with LNG imports for electricity generation. Europe will consume all the surpluses of the global market and pay more for them. Is there a risk of diesel shortages then? Maybe. You have to monitor yourself,” she says.

For Moutinho, the lack of available stocks for the ANP to manage ends up causing the agency to just notify “the government of the problem. With good luck with good anticipation”, but that “it will be up to the MME and the CNPE to process and think of solutions”.

Government sources told CNN on March 10 that the most recent readjustment in fuels made by Petrobrasand the largest in more than a year, was carried out to avoid a real risk of shortages in the country from April onwards.

The policy analyst CNNCaio Junqueira, states that the Petrobras was at the time checking the stocks of gasoline, diesel and LPG at the distributors.

The scenario indicated that, if nothing was done, in just over 20 days, diesel would be the first fuel to run out, followed by gasoline and LPG.

About 30% of Brazilian oil is imported, with Petrobras following the international Brent quotation.

Before the last adjustment, the high international price did not compensate for imports and sales in the domestic market at a much lower price, which created the risk of shortages. The readjustment did not eliminate the entire lag, but reduced it to more advantageous levels for importers.

Learn more about oil and how its quotation works

Source: CNN Brasil

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