untitled design

Gasoline would have to rise another 6% and diesel 7% at external parity, says association

Despite the gasoline and diesel readjustments carried out this Wednesday (12) by Petrobras, prices remain lagged in the domestic market and prevent imports of derivatives, informs the Brazilian Association of Fuel Importers (Abicom).

According to the entity, gasoline is, on average, 6% below the price practiced on the international market, and diesel oil, 7%. To match foreign prices, the state-owned company would have to increase, on average, the sale value at the refineries by R$ 0.19 and R$ 0.25 per liter, respectively.

Ativa Investimentos also reported yesterday that there is still room for Petrobras to increase the price of gasoline by another 5% (about R$0.15), even after the announcement of the latest price revision.

Petrobras on Wednesday readjusted gasoline by 4.8% and diesel by 8%, after the price of oil gave indications that it should remain at a high level, around US$ 80 a barrel.

Around 9:30 am this Thursday (13), commodity contracts for March were trading at R$ 84.59 a barrel.

The state-owned company claims that it maintains parity with import prices (PPI), but that it only readjusts prices when there is a structural change and not a conjunctural one.

Reference: CNN Brasil

You may also like

Get the latest

Stay Informed: Get the Latest Updates and Insights

 

Most popular