PETROBRAS RAISES FUEL PRICES

Petrobras announced on Thursday (10) price increases in gasoline, diesel, and cooking gas. The highs came into effect on Friday (11). The readjustment was 18.8% for gasoline, 16.1% for cooking gas, and 24.9% for diesel. The average gasoline price will go from BRL 3.25 to BRL 3.86 per liter. The price of diesel will go from BRL 3.61 to BRL 4.51. Petrobras said in a statement that the decision went “in the same direction as other fuel suppliers in Brazil that have already promoted adjustments to their sales prices”. Despite soaring international prices, because of the conflict in Eastern Europe, Petrobras remained 57 days without altering fuel prices, the last readjustments were made on January 12th. Cooking gas (LPG) will have its first adjustment after 152 days. LGP will see average sale price hit BRL R$ 4.48 per kilo.

Source: Folha de S.Paulo (*Translated by Ia Niani)