PETROBRAS REDUCES REFINERY PRICES OF GASOLINE BY 4%

Petrobras announced to distributors on Thursday (15) that it will reduce the price of gasoline at refineries at the domestic market by 4%. The new price will be available on Friday (16). Diesel prices were not changed. “Since January 2020, the average price of diesel has dropped by 24.3% and the price of gasoline has decreased by 9.1%. To get a better view, the average price of Petrobras’ gasoline for distributors will be R$ 1.74 per liter after the readjustment”, said the company. For drivers, the prices depend on several factors, such as taxes, fees, labor costs and profit margin. Also, the free market competition in Brazil makes each company set its own price. Petrobras also says that the gasoline and the diesel sold to distributors are not the same products that are at the gas station. They are type “A” fuels, that is, gasoline before combining it with ethanol and diesel also without the addition of biodiesel. The products sold at the pumps to the final consumer are made from type “A” mixed with biofuels.

Source: DATAGRO