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Petrobras increases gasoline price by 4.2% in refineries

The high is directly linked to increases in gasoline prices as a result of the storm Harvey

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Petrobras raised the price of gasoline at refineries across the country by 4.2% from tomorrow (1), the biggest increase since the implementation of the new pricing policy two months ago. Yesterday June 30, had already announced for today (31) a 0.5% increase.

The information is on the Petrobras website, which also announces an increase of 0.8% for diesel also for Day 1. Yesterday, the company had reported for diesel an increase of 2.5% as of today.

Although Petrobras does not talk about the issue, the increase is directly linked to increases in gasoline prices as a result of Harvey’s storm, which is devastating the states of Texas and Louisiana in the United States.

With the increase to be monitored as of tomorrow, the price of gasoline accumulated a high in the last four days (August 20 to September 1) of 4.7% and diesel of 4.2%.

New pricing policy started in June

The new pricing policy adopted by Petrobras was announced on June 30. On that day, the state reported that the readjustments would be more frequent and could even be daily, depending on the fluctuations of the price of the product in the foreign market.

The amendments aim to give greater autonomy to the technical area of ​​marketing and commercialization of the state to make adjustments in prices, which may change at any time, provided that the readjustments accumulated per product are, in the average Brazil, within an average (-7% to + 7%), respecting the margin established by the Gemp (Executive Group of Market and Prices).

In Petrobras’ understanding, with the announced revision, the new pricing policy would allow for greater adherence to prices in the domestic market in the short term and make it possible to compete in a more agile and efficient way, recovering part of the market that the company was losing for derivatives imported.