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 >>

Egypt >>  9/20/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mr. Lucio Monari, Director for Energy and Extractive Global Practice in the ...
Norway >>  9/20/2017 - The shares purchased by DNB on behalf of Statoil ASA on 15 September 2017 for use in the group's Share Saving Plan have on 20 September 2017 been dist...

Lebanon >>  9/19/2017 - Lebanonís parliament approved a law to tax revenue from oil operations, weeks before its first sale of offshore energy exploration rights to intereste...
Austria >>  9/18/2017 - Based on the current global oil supply/demand balance, OPEC crude in 2017 was revised up by 0.2 mb/d from the previous report driven mainly by the upw...

United States >>  9/15/2017 - The Company refers its shareholders to the announcement published earlier today relating to resumption of share trading on ASX. The Company remains co...
Canada >>  9/14/2017 - Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG or the Partnership), has declared a cash distribution of $0.5625 per unit o...

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.