Petrobras cuts gasoline prices to regain market share lost to imports

Tuesday, August 8th 2017 - 17:28 UTC

Full article 5 comments

Brazil's Petrobras has reduced prices for the gasoline it sells in Brazil to below parity with the fuel imported from the United States, reducing profit margins to regain market share. The company has sharply reduced the price gap between the value of gasoline sold at its refineries and the spot price in the U.S. Gulf of Mexico since early July, when it announced changes to its pricing to adopt almost daily adjustments, according to fuel market experts. Read full article

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:o))
REF: “Petrobras CUTS gasoline prices”: Great News! Cuts prices for how many HOURS?
Aug 09th, 2017 - 10:39 am - Link - Report abuse 0
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Jack Bauer
The cuts are insignificant and delay days before coming reality at the pump....but increases are implemented within hours of the decision.....
Aug 09th, 2017 - 05:35 pm - Link - Report abuse 0
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:o))
True - but the prices keep see-sawing - REF:
https://www.humorpolitico.com.br/wp-content/uploads/2017/08/Esbornia-no-preco-do-combustivel-580x396.jpg
Aug 10th, 2017 - 08:28 am - Link - Report abuse 0
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Jack Bauer
Solution ? sell your car - or leave it in the garage - and use “Uber”....
Aug 10th, 2017 - 06:31 pm - Link - Report abuse 0
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:o))
Absolutely true - the other competitors of Uber (Cabify) are anxious to join the fight for capturing the Market-Share! :o))
Aug 10th, 2017 - 08:03 pm - Link - Report abuse 0
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