This Friday (23rd) a new drop in the price of liquefied petroleum gas (LPG), cooking gas, announced by Petrobras to distributors begins to take effect. The value will go from R$ 4.0265/kg to R$ 3.7842/kg, a reduction of 6%. As a result, the state-owned company’s share in the 13-kilogram cylinder will be R$ 49.19, down R$ 3.15.
The Brazilian Association of LPG Resellers Class Entities (Abragás) stated that “if distributors fully pass on this amount to resellers, there may indeed be a slight reduction for consumers.”
The National Union of LPG Distributors (Sindigás) announced, in a note, that “LPG prices are free at all links in the chain and susceptible to market variations. The associated distributors do not report any price increase or decrease to Sindigás and there is no way to make a prediction for the consumer.”
This is the second price reduction announced by Petrobras in just over ten days. On the 12th of this month of September, the value to distributors fell by R$ 0.20, adding R$ 2.60 for the 13 kilo cylinder. According to the company, the changes follow the evolution of the international market.
Despite the last adjustment, the National Agency of Petroleum, Natural Gas and Biofuels (ANP) did not observe a reduction to the consumer in the survey carried out nationally. On the contrary, the average price in Brazil rose from BRL 111.91, between the 4th and 10th of September, to BRL 113.25, between the 11th and 17th of this month, according to the Agency.
According to Abragás, at the time of the reduction announced on the 12th, resellers received an increase of up to R$ 4.35 in the cylinder due to corrections in the salaries of workers in the sector.
“Resales are the last link in the chain and they expect to receive this full reduction in order to be able to pass it on to consumers, always considering operating costs including salary replacement”, states the entity.
In August, the Brazilian Institute of Geography and Statistics recorded a deflation of 0.09% in cooking gas, which accumulates a high of 18.42% in 12 months.
Source: CNN Brasil
Joe Jameson, a technology journalist with over 2 years of experience, writes for top online news websites. Specializing in the field of technology, Joe provides insights into the latest advancements in the industry. Currently, he contributes to covering the world stock market.
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