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Petrobras determines reduction of gasoline and diesel prices in refineries

Fuel oil

With the state's determination, price to the final consumer may fall. Decrease reflects changes in the international price of a barrel of oil

Petrobras reported on Wednesday (14) the reduction of the average value of fuels in Brazilian refineries. According to the state, the decrease will be 2.3% for gasoline and 5.8% for diesel.

According to a statement issued by the state-owned company, the Market and Prices Executive Group (GEMP) took into account the recent changes in the international price of oil. The decision reflects recent changes in international oil prices. Currently, the barrel of fuel oil costs $ 46, after floating around $ 50.

"The new prices continue to have a positive margin in relation to international parity, in accordance with the principle of the policy announced, and are in line with the objectives of the 2017-2021 business plan," the company said.

However, according to Petrobras, the reduction of the value in the refineries will not necessarily cause a decrease for the final consumer. "This depends on transfers made by other members of the fuel chain, especially distributors and retailers," he said.

However, the state estimates that, in the current plots, diesel may fall 3.5%, or about R $ 0.11 per liter on average, and gasoline, 0.9% or R $ 0.03 Per liter on average. Petrobras also said it would adjust prices in shorter periods, without changing the pricing rule of the current policy, "to accommodate the volatilities observed in the international market."

Source: Portal Brasil, with information from Petrobras and Agência Brasil