The decline came after Petrobras made a significant reduction in gasoline prices in its refineries over the past few weeks
Marta Nogueira, Reuters
November 5, 2018, 21h11 – Published on November 5, 2018, 21:05
Rio de Janeiro – The average price of gasoline on Brazilian gas pumps fell 0.3 percent last week from last week to 4,709 reais per liter, data showed Monday. National Agency for Oil, Natural Gas and Biofuels (ANP).
The continuation happened afterwards Petrobras gasoline in its refineries in the last few weeks. On October 31, the company lowered the average price of gasoline in refineries by 6.2%. The transfer of Petrobras consumer adjustments depends on the distributors, the dealer and the tax, as well as the obligatory mixing of anhydrous ethanol in the gasoline component sold on the stations.
Hydrogenated ethanol, which compete with gasoline at pumps, was on average at 2,975 reais per liter, which is 0.27 percent more than the previous week, according to ANP data.
average price diesel, the highest fuel consumed in Brazil, reached 3,719 reais per liter, which is 0.05 percent less compared to the previous period. A slight downturn comes after Petrobras announced a 10.1 percent drop in diesel fuel prices in the period from October 30 to November 28, compared to the previous month, due to a monthly adjustment to the fuel subsidy program.
The program, which was launched in June, in response to the historic blow of the truck driver, the oil company has to apply the price of diesel fuel within the maximum limit set by the government, with government compensation up to 30 cents per liter. The reference price is adjusted every month.