International gasoline prices, which have been trending downward since the beginning of April, are influenced by seasonal variations in US refinery production and projections of a weaker worldwide demand for diesel this year. The price of diesel at Petrobras refineries is currently higher than the import parity price since last week, which may imply readjustments in the short term. “These changes in the global oil market are also felt in Brazil”, said DATAGRO. At Petrobras refineries in Brazil, the average price of gasoline is currently only 0.2% higher than import parity. “The current situation of prices over parity was also influenced by the recent appreciation of the Brazilian Real against the US dollar.”
Source: DATAGRO (*Translated by Ia Niani)