Gulf Oil and Gas accountACCOUNT

Petrobras Revises the Price of Fuels

Source: www.gulfoilandgas.com 1/5/2017, Location: South America

Share |
According to our pricing policy announced in October 2016 , the Executive Group Markets and Prices (GEMP) decided to raise the price of diesel at the refinery by 6.1% on average. The new values start to apply as of 1/6/2017. The price of gasoline in the refineries remained unchanged.

The decision is mainly explained by the effect of the continued, albeit more discreet, increase in oil prices in international markets, the appreciation of the real since the last price revision and adjustments in our competitiveness in the domestic gasoline and diesel market. The revisions announced today also reflect seasonal movements in global derivatives prices, with diesel prices responding to higher winter demand in the northern hemisphere.

We reaffirm your pricing review policy at least once every 30 days, giving you the flexibility to handle high volatility variables.

As Brazilian law guarantees price freedom in the fuels and derivatives market, the revisions made by us in the refineries may or may not be reflected in the final consumer price. This will depend on onlays made by other members of the fuel chain, especially distributors and resellers. If the adjustment made today is completely passed through and there are no changes in the other parcels that make up the final consumer price, diesel may increase by 3.8% or around R $ 0.12 per liter on average.

Financials and Investment News in Brazil >>

Tanzania >>  7/19/2017 - Wentworth, the Oslo Stock Exchange and AIM listed independent, East Africa-focused oil & gas company, is providing an update to shareholders. ...
Saudi Arabia >>  7/18/2017 - SAP is partnering with Saudi Aramco in creating a new solutions platform to enable Saudi Aramco to launch a digital business marketplace with thousand...

United Kingdom >>  7/18/2017 - Premier is pleased to announce that the schemes of arrangement (the Schemes) of Premier and Premier Oil UK Limited received final sanction today at a ...
Australia >>  7/17/2017 - Cooper Energy Limited provides the following update on the status of the Sole gas project debt financing. The company is pursuing a dual stream proces...

Austria >>  7/17/2017 - Based on the first forecast for demand and non-OPEC supply (including OPEC NGLs and non-conventional oil) for the year 2018, the demand for OPEC crud...
Norway >>  7/17/2017 - SBM Offshore has agreed Heads of Terms for settlement with a 73.6% majority group of the US$500 million primary insurance layer for the settling of in...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Brazil Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 |

More News

 

Oil & Gas Companies in Brazil >>


Related Links

Gulf Oil and Gas
Copyright Universal Solutions All rights reserved. - Privacy Policy.