Despite Petrobras’ efforts to avoid passing on the costs of rising oil quotas in gas and diesel prices, sea freight is already feeling the effects of the Ukraine war as bunker oil prices rise. According to S&P Global Platts, these products reached a historic record in Latin America. In the Port of Santos prices are approaching US$ 1,000 (R$ 5,000) per tonne. Unlike gasoline and diesel, whose prices are defined by an internal Petrobras committee that assesses the evolution of market conditions, the prices of navigation fuel are changed daily. On Tuesday (1st), according to S&P Global Platts, the bunker with 0.5% sulfur, most used in the engines of large vessels, hit US$ 798 (about R$ 4,000) per tonne in Santos. According to Abac (Brazilian Association of Cabotage Shipowners), the price reached US$ 900 (R$ 4,500) this Thursday (3). Marine diesel, reached US$893 a tonne on Tuesday. The president of Abac, Luiz Resano, says that the large ships usually have large fuel stocks, but they will soon start buying products with the highest prices.
Sources: Folha de S. Paulo/Datamar News