Economy

Petrobras has not decided on fuel price adjustments, says Luna

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Petrobras is analyzing the upward pressure on the price of a barrel of oil, but for the moment there has been no decision taken regarding adjustments in the prices of derivatives, the president of the state company, general of the reserve Joaquim Silva, told Reuters on Wednesday (2) and Luna.

According to him, after Russia’s invasion of Ukraine, the oil market was “nervous” and with many “uncertainties”.

On Wednesday, Brent fossil fuels closed above $100 a barrel, up 7.6% to $112.93, after touching a peak of $113.94 a barrel during the session.

Abicom, an association that brings together the distributors, pointed out that the average values ​​​​of diesel and gasoline from Petrobras reached a price gap of 25%, the highest level in 10 years.

“The world has plunged into a scenario of uncertainty [com a guerra]”, Luna told Reuters.

“That’s what we’re studying,” he added when asked how long Petrobras would support the rise in Brent prices, without making adjustments to the prices of oil derivatives on the domestic market.

This year, the strong rise in oil in the international market was partially offset by the devaluation of the dollar against the real. Exchange and Brent are the two main variables of the company’s pricing policy, which is known as PPI.

The Petrobras CEO reiterated that the state-owned group that evaluates the price parity policy analyzes the scenario “minute by minute” before making any decision.

One of the hallmarks of Silva e Luna’s management is not to pass on conjunctural movements in the oil market to domestic prices, and price adjustments are promoted through structural changes in the scenario.

fuelsgasolinegasoline priceJoaquim Silva and LunapetrobrasPetroleumRussiasheetUkraineWar in Ukraine

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