On February 19, Brazil’s state-owned oil giant Petrobras will raise the average price of gasoline and diesel at refineries, reaching R$ 2.48 per liter for gasoline and R$ 2.58 per liter for diesel, after the readjustments of R$ 0.23 and R$ 0.34 per liter. “The alignment to international prices is vital to ensure that the Brazilian market continues to be supplied without risk of shortages from distributors, importers and other refiners. This same competitive balance leads to price reductions when the supply grows in the international market, as occurred in 2020”, says Petrobras. According to the company, the prices charged to final consumers are not strictly influenced by the international market or the exchange rate. “The prices of gasoline and diesel at the pumps are different from the prices charged at Petrobras refineries. There are federal and state taxes and costs before it reaches the consumer, as well as mandatory mixing of biofuels are added”. According to a survey by Globalpetrolprices.com covering 167 countries, the average price of gasoline to the final consumer in Brazil is 17% lower than the global average, occupying the 56th position in the ranking.

Source: Jornal Cana

*Translated by Ia Niani