The value of gasoline hit a new record for the fourth week in a row, with the maximum value recorded in the city of Tubarão, Santa Catarina. The data were revealed by the National Agency of Petroleum, Natural Gas and Biofuels, considering the 1st and 7th of May.
In that period, the average value of a liter of gasoline jumped from R$7,283 to R$7,295, which represented an increase of 0.16% in comparison with the previous period. In this way, the price of fuel reached a new record, as in the city of Tubarão, where it reached the level of R$ 8.99.
The minimum value in this period was R$ 6,199, and the analysis considered 5,146 stations. Diesel oil advanced 0.3% in the range of the ANP survey, from R$6.61 to R$6.63. The last adjustment carried out by Petrobras was made in March 2022, when the price of gasoline increased by 18.8%.
Jair Bolsonaro criticizes Petrobras
Last Thursday (5), President Jair Bolsonaro criticized the fact that Petrobras would be profiting during the pandemic and even with the beginning of the war in Ukraine, which resulted in an impact on fuel prices. In his live that is held every week, Bolsonaro said that the profit of the state-owned company can be considered a “rape”.
This possible readjustment in the view of Bolsonaro, can break Brazil. One day after this statement, the president of the state-owned company, José Mauro Ferreira Coelho, took advantage of the company’s latest balance sheet to defend the current pricing policy.
José said that Petrobras cannot get rid of the prices that are practiced in the market, that this is the necessary condition for the wealth not of every company, but of the entire “Brazilian society”. He also mentioned that the price readjustment is essential to attract investments to the country, especially from abroad.
Petrol price strategy adopted by Petrobras
Since 2016, the Petrobras decided to adopt the Import Parity Price, after years in which price controls were adopted, as in the Dilma Rousseff government. Price control was a way of trying to protect consumers from periods of peak inflation, but it ended up causing losses for the state-owned company.
According to the current pricing policy, the prices charged at refineries are guided by the variation in the price of a barrel of oil, which takes place on the international market and is directly related to the exchange rate. The company is still waiting for a “destabilization” of the fuel price gap.
Also in this last week, even with the constant increases in gasoline prices, Petrobras reported that it obtained a net profit of R$ 44.561 billion in the first quarter of the year. The result surprised and was 3,718.4% higher than the one registered in the same period last year, when the state-owned company had profited R$ 1.167 billion.