Reactions to Petrobras’ mega-increase, quiz of the week and what matters in the market

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In another week marked by the economic effects of the war in Ukraine, the highlight was the rise and fall of commodities – and their impact here in Brazil. Take the quiz to find out if you’re up to date on what’s happened in the last few days:

Reactions to Petrobras’ adjustment

After 57 days without readjusting fuel prices in the country, Petrobras announced an increase in 18.8% for gasoline, 24.9% for diesel and 16.1% for cooking gas.

In numbers: gasoline sold by Petrobras represents 73% of the mixture sold at service stations, and the impact at the pump will be of BRL 0.44 per liter. The national average price should go from BRL 7 for the first time in history.

• Diesel will rise by almost R$1 per liter, from R$3.61 to BRL 4.51. The 13 kilo bottle of cooking gas could go from R$ 102 to around BRL 110.

What explains: with the rise in oil prices, Petrobras accumulated a large gap, which makes imports unfeasible and can generate shortages in the country, especially diesel. The state-owned company’s shares closed the day up 3.5%.

Even with this mega-adjustment, the sector still calculates that the values ​​are out of date. On Wednesday (9), the difference was R$ 0.81 for gasoline and R$ 1.17 for diesel.

Street reaction… The announcement of the readjustments, which take effect this Friday (11), generated queues at gas stations and made Brazilians wait four hours to fill up in Argentina.

• Cargo carriers say they will not be able to hold the transfer, and the increase should pressure the prices of everything that is moved by trucks in the country.
• Bus companies say the mega-increase in diesel fuel threatens public transport.
• It will be left over for inflation: the impact of the increases is estimated at 1.5 percentage point by Ibre-FGV, not counting the effect on freight and transport. This raises this year’s IPCA estimate from 6.2% to 7.5% —but there are banks considering 8.5%.

…and in politics: the Senate approved this Thursday two projects dealing with fuels.

Analyze: Bolsonaro foamed, but had to swallow the inevitable readjustment, due to the risk of running out of diesel, writes columnist Vinicius Torres Freire.

Accounting startup raises BRL 320 million

The startup Contabilizei announced this Thursday that it received a BRL 320 million. The investment was led by the Softbank fund focused on Latin America and also had the participation of the American bank Goldman Sachs, in addition to Pruven Capital.

The company did not say how much it was valued after the investment.

The startup: founded in 2013, it provides accounting services, such as calculating and issuing taxes and controlling financial transactions, for micro and small companies (annual revenue of up to R$ 4.8 million).

• Its monthly plans range from R$96 to R$349. The company claims to have more than 30 thousand customers in more than 60 municipalities in the country.

Contribution destination: the funds should be used for the expansion of the startup, from the current 900 employees to more than 1,300 by the end of the year, and also for acquisitions.

IPO? The founder and president of Contabilizei, Vitor Torres, told Reuters that there are plans to go public in the stock market in the coming years.

Take a break: Elizabeth Holmes

The series about the entrepreneur who was called “the next Steve Jobs” for enchanting Silicon Valley has just arrived in Brazil, but who ended up being convicted in January of this year for fraud in a conspiracy to deceive investors.

Elizabeth Holmes, 37, is sentenced to 20 years in prison.

Understand: the Stanford alumnus attracted investors with promises to revolutionize healthcare with her startup Theranos, which was valued at US$9 billion.

Her plan to run multiple tests on a drop of blood became talk to sleep with after news reports revealed her equipment technology wasn’t as efficient as she had claimed.

“The Dropout”: we follow Amanda Seyfried playing the role of Holmes during her formative years until her company crumbles to dust. Despite the intriguing script, the series simplifies the protagonist, says Luciana Coelho. Available on Star+.

In addition to the economy:

• Illustrated Express: Pedro Bandeira speaks in a podcast about censorship, racism and education; listen up.
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• Sheet Guide: meet Manoel Beato, a sommelier who has been bringing together wines and literature for 30 years at Fasano.