MercoPress, en Español

Montevideo, November 13th 2018 - 18:09 UTC

Tag: Petrobras fuel price

  • Wednesday, August 1st 2018 - 08:18 UTC

    Brazil investigating collusion and price fixing at the fuel pump: largest distributors targeted

    The firms targeted are Petrobras Distribuidora SA; Ipiranga, a unit of Ultrapar Participacoes SA; and Raizen, a Cosan SA and Royal Dutch Shell Plc joint venture

    Brazil’s three largest fuel distribution companies are under investigation for fixing prices at the pump, police said on Tuesday, reigniting debate over potential collusion among gas station owners in Latin America’s largest oil producer.

  • Thursday, November 10th 2016 - 11:35 UTC

    Brazil lowers fuel prices: diesel down 10.4% and gasoline, 3.1% at the refinery

    The aim is to enable Petrobras to implement a competitive pricing policy that reflects movements in the international oil market in shorter periods.

    In line with the pricing policy announced by Petrobras on October 14, 2016, the company’s markets and pricing executive committee has decided to reduce the prices of diesel and gasoline sold at its refineries by 10.4% and 3.1%, respectively.The combination of a 12.1% fall in the international prices of oil and oil products between October 14 and now, and the reduction in the company’s domestic market share has impacted the usage level of Petrobras’ assets, especially its refineries, its inventory levels and also its flows of imports and exports