Diesel oil price at refineries was readjusted twice in less than a week
O Power360, in partnership with the CBIE (Brazilian Infrastructure Center), launches this Friday (12.Aug.2022) another episode of the program “Downstairs in 1 minute”. In weekly analyses, Pedro Rodrigues, a partner at the consultancy, talks about the main issues that marked the week in the energy sector.
In this 10th episode, Pedro Rodrigues talks about the reductions in the price of a liter of diesel in refineries in recent weeks. The 1st reduction, after 461 days, took effect on August 5th. The value of diesel sold to distributors dropped from R$5.61 to R$5.41 – a drop of 3.6%. The 2nd was made this Thursday (Aug 11), with a cut of R$ 0.22 per liter, from R$ 5.41 to R$ 5.19.
According to Pedro Rodrigues, the diesel market “is significantly more vulnerable to shocks resulting from both the pandemic and the Ukraine war, compared to gasoline”for example, and therefore there was a delay in the reduction.
INFRA IN 1 MINUTE
Pedro Rodrigues talks about the growth of the Brazilian oil and gas sector. Financial and production reports showed all-time record profit and yield in Q1 2022.
Pedro Rodrigues talks about the proposal by the government of President Jair Bolsonaro (PL) of compensating States to reduce taxes on fuel and how the topic has moved the electoral debate.
Pedro Rodrigues talks about the estimates of the price of barrels of oil due to the war in Ukraine and the sanctions applied against Russia – the 2nd largest producer of oil and natural gas in the world – and the impact of this on the world economy.
Pedro Rodrigues talks about the impact of a possible change in Petrobras’ pricing policy.
Pedro Rodrigues talks about the social responsibility and Petrobras’ market performance. The state-owned company recorded the 2nd highest net profit among companies in the oil sector in the world, with gains of US$ 8.6 billion (R$ 44.5 billion at the current price) in the 1st quarter of 2022. Therefore, it was the target of criticism related to fuel price readjustments at a time when the company is recording profit in a Brazil in economic crisis, with high inflation.
Pedro Rodrigues talks about the obstacles that the government of President Jair Bolsonaro will have to face in order to buy Russian diesel. On July 11, the Chief Executive said he is “almost certain” fuel purchase negotiation “cheaper” coming from Russia. According to him, diesel should arrive in the country in 2 months.
Pedro Rodrigues talks about the 1st reduction in the price of gasoline at refineries made by Petrobras in the year. The reduction was R$ 0.20 per liter. Gasoline will be sold at R$3.86 to distributors. The readjustment began to be applied in the refineries last Wednesday (July 20).
Pedro Rodrigues talks about the resumption of the process of selling Petrobras refineries. The company extended the deadline for those interested in buying the Rnest (PE), Repar (PR) and Refap (RS) refineries to enter the process of selling the units.
Pedro Rodrigues talks about Petrobras’ operating and financial results for the 2nd quarter of 2022, released on July 28. With net income of R$ 54.3 billion in the period, the total to be paid in dividends to all shareholders of the company will be R$ 87.8 billion. União, the company’s majority shareholder, will receive BRL 32 billion – reaching BRL 64.1 billion in 2022.
#Infra #minute #diesel #price #reductions