Thursday, 13 June 2019

Petrobras (PETR3;PETR4) changes its pricing policy, which will no longer have periodicity for readjustments

Petrobras announced last night that, from now on, the price adjustments of diesel and gasoline practiced by the company in Brazil will be carried out without defined periodicity. In practice, Petrobras will be able to adjust fuel values in Brazil at any time, depending on the price of a barrel of oil in the international market and the exchange rate variation.

The company also announced a 4.6% reduction in the average price of diesel in its refineries, to R$ 2.0664 per liter, as of today (13.Jun.2019).

The company had also announced, on June 11, 2019, that it would reduce the average gasoline price by 3% in its refineries. This was the second drop in the price of gasoline in the month, on June 1, Petrobras reduced the price of gasoline by 7.16%.

The problem is that the fall in the price of fuel or delay or not reaches the gas stations where people fuel their vehicles.

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