Home Mining Oil and Gas Petrobras’ new price policy is perversy — say gas traders

Petrobras’ new price policy is perversy — say gas traders

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With the barrel of oil approaching $ 80 in the international market, protests against the rising fuel prices in Brazil are beginning to surface. In one week, truck drivers shut down highways in at least three states and gas station owners issued a letter saying that Petrobras’ current pricing policy is “perverse.”

Since July 2017, the state-owned company has daily reviewed the fluctuation in the global price of the barrel for the price of fuel in the domestic market. Since then, gasoline and diesel have risen by 21.28% and 18.15% respectively.

The protests are still isolated, but may culminate with a general stoppage, warns the Brazilian Association of Truck Drivers (Abcam). ” Petrobras announced a new increase in gasoline and diesel prices.

Gas rose for the tenth consecutive time and surpassed for the first time the house of the R $ 2 per liter refineries. This Thursday (17), the liter of fuel will be sold by the state company to R $ 2.0046. Diesel also reached the highest value since Petrobras started to make daily adjustments: R $ 2.3082 per liter. In just one month, the price of diesel in refineries rose 15.9%.

Gas has accumulated high of 15.8% in the period. The situation is exacerbated by the devaluation of the real against the dollar, since since October 2016 Petrobras started to adjust prices according to the formula that considers the international fuel prices and the exchange variation.

“These increases are real cold water baths on top of who is really contributing to the resumption of the economy, since most of the products depend on road transport to reach the consumer, “wrote the president of Abcam, José da Fonseca Lopes.

Per Temer, the category defends the granting of subsidies or the creation of a fund to finance the acquisition of diesel by autonomous truck drivers and says that a general stoppage will be inevitable if the demands are not met. of financial difficulties generated by the escalation of prices at a time of economic crisis.

“We are also suffering from the effects of this perverse policy. Many jobs are losing their financial breath and they can not survive through this scenario, ” says in a letter to the National Federation of Commerce of Fuels and Lubricants (Fecombustíveis).

“The state’s pricing policy, which is based on monitoring the international oil market, has caused disjointed oscillations in relation to the Brazilian reality.” Fecombustíveis also asks government measures to reduce the tax burden, which is equivalent to 50% of the final price of gasoline.

In July 2017, the government raised the PIS and COFINS rates on fuels. Monthly, states have expanded the reference value for ICMS calculation. ” Fecombustíveis also asks government measures to reduce the tax burden, which is equivalent to 50% of the final price of gasoline. In July 2017, the government raised the PIS and COFINS rates on fuels.

Monthly, states have expanded the reference value for ICMS calculation. “Fecombustíveis also asks government measures to reduce the tax burden, which is equivalent to 50% of the final price of gasoline. In July 2017, the government raised the PIS and COFINS rates on fuels. Monthly, states have expanded the reference value for ICMS.”