Petrobras announces another reduction in the price of oil

Petrobras introduced the third drop in diesel costs in 50 days. See how the values ​​are doing!

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Petrobras introduced a brand new reduction in the price of diesel bought to distributors, this Monday (19). The low cost will take impact on Tuesday. The common price for diesel will go from R $ 5.19 to R $ 4.89 per liter, a drop of 5.8%. Other fuels had been unchanged.

The final publish was in August. Since June, the oil firm has introduced price cuts 3 times. Still, oil continues to be up about 46% this 12 months alone.

diesel price

The common worth of diesel paid by customers is R$6.84, based on a brand new examine carried out by the National Agency of Petroleum, Natural Gas and Biofuels (ANP). The price was the lowest recorded since May this 12 months.

According to Petrobras, with the new reduction, the price in the composition of the last worth of diesel will enhance from R $ 4.67 to R $ 4.40 on common.

The new adjustment follows the costs of the overseas oil market. In this fashion, the state-owned firm makes use of worldwide costs and change charges as the foundation for its pricing coverage.

In addition, Abicom (Brazilian Association of Fuel Importers) indicated that the common price of diesel at refineries is R$0.47 per liter above the import price.

Composition of the worth of diesel

The price of diesel consists of many different gadgets in addition to the portion specified by Petrobras. See:

  • Petrobras: 67.7%;
  • Distribution and resale: 11.4%;
  • Taxes: 12.1%;
  • Biodiesel: 8.9%.

Fixing the ICMS roof lowered the values

With the adjustment of the ICMS (Tax on Circulation of Goods and Products) ceiling on gas between 18% and 17%, permitted by the National Congress, there was a big lower in the costs of gasoline and ethanol. It additionally did not have an effect on the diesel.

This is as a result of the tax charge on oil is already under the ceiling supplied by the regulation. As seen above, authorities taxes are inexpensive than the price of oil.

In the case of petrol, the charges imposed by the Government, earlier than the regulation, had been above 20%, which introduced down the costs. However, it is very important be aware that the measure might be legitimate till December of this 12 months.

International diesel price

According to Global Petrol Prices, final week, amongst the nations the place oil is the most cost-effective in the world, Brazil is in the 83rd place. In comparability, gasoline is in the thirty fourth place.

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Photo: Joa Souza /