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Argus Media Limited (via Public) / Viewpoint: Brazil s diesel market opens further in 2022

Argus Media Limited (via Public) / Viewpoint: Brazil s diesel market opens further in 2022
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Petrobras to reduce Brazil diesel, gasoline prices at refinery gate May 1

Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Wholesale diesel prices will fall to $0.5019 per liter from $0.5129/l, Petrobras said. Gasoline prices, meanwhile, will decrease to $0.4796/l from $0.4889/l previously. Petrobras had previously increased domestic diesel and gasoline prices on April 16 to offset rising international oil and refined product prices. The diesel and gasoline prices practiced by Petrobras seek balance with the international market and accompany the variations, both up and down, in refined product prices and foreign-exchange rates, Petrobras said. While international oil prices have remained solidly above $60/b in recent weeks, the Brazilian real currency gained about 4.5% against the US dollar to give Petrobras some space to make a move.

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