Petrobras reported this Thursday a net profit of BRL 31.1 billion in the third quarter of this year. The company said its Board of Directors has approved the payment of a new advance payment to shareholders in 2021 in the total amount of BRL 31.8 billion (almost US$ 6 billion). The expected net profit is around BRL 11 billion to BRL 24 billion between July and September, due to the rise in the price of oil on the international market, and the increase in fuel sales in Brazil. Thus, in the first nine months of the year, the state-owned company achieved gains of BRL 75.1 billion. Throughout this year, due to the increase in the price of a barrel of oil, Petrobras has already readjusted the price of gasoline by 73% in refineries. Diesel price adjustment has reached 65.3%. In the third quarter, Petrobras increased imports of derivatives by 116.1% compared to the same period last year. Gasoline sales rose 17.9% in the third quarter. Diesel sales were up 15.8% over the same period last year.
Sources: O Globo/Portos e Navios (*Translated by Ia Niani)