Tag: Petrobras oil price

• Wednesday, December 7th 2022 - 12:26 UTC

  Cheaper gasoline and diesel fuel prices in Brazil

  

  Brazil's oil and gas giant Petrobras started implementing a reduction in fuel prices at its refineries gates, effective this week. Gasoline price with being reduced 6,1% from R$ 3,28 to R$ 3,08, while A diesel on average will be dropping from R$ 4,89 to R$ 4,49, equivalent to an 8,2% rebate.

• Tuesday, August 8th 2017 - 17:28 UTC

  Petrobras cuts gasoline prices to regain market share lost to imports

  

  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.

• Monday, January 25th 2016 - 10:36 UTC

  Oil price plunge distorts Brazilian market and leaves Rio cash strapped

  

  Brazil's President Dilma Rousseff approved a resolution to maintain the current system for establishing the minimum price of oil on which royalty payments are paid by state-run oil company Petrobras to local governments.

• Thursday, October 1st 2015 - 08:51 UTC

  Petrobras hikes gasoline and diesel prices to help with the company's finances

  

  Brazil's state-controlled Petrobras unexpectedly increased wholesale gasoline and diesel prices in the domestic market, potentially widening a controversial premium to international prices. The heavily indebted company said that the gasoline price would increase by 6%, and diesel by 4%, as of this Wednesday.

• Saturday, November 8th 2014 - 09:37 UTC

  Relief for Petrobras: Dilma allows increase in gasoline and diesel prices

  

  Brazil raised domestic wholesale gasoline and diesel prices for the first time in more than 11 months effective Friday in a move to bolster the finances of the heavily indebted Petrobras oil and gas company after years of refining losses.

• Wednesday, October 15th 2014 - 23:36 UTC

  Brazil will rise fuel prices to help government managed debt-laden Petrobras

  

  Brazil will maintain plans to raise domestic fuel prices this year, despite a sharp drop in international crude oil prices, to help debt-laden state-run oil company Petrobras, a government source said this week.