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Gasoline prices in the refinery fell by 26% since September, but what about pumps? – November 14, 2014


Prices of gasoline produced by Petrobras, which is relieved by international prices of petroleum barrels and dollar prices, fell 26% in refineries from September. Break the historical record Last month.

But this decline has not reached the bomb. Dams were buried in gas stations, especially in retailers. For consumers, the fuel cost is now approaching zero per liter. About 80% of the gasoline consumed in Brazil is from Petrobras.

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One liter of gas produced and sold by Petrobras refineries topped the record high of R $ 2,251 in September. However, since the 22nd of that month, state-owned enterprises gradually reduced their value. The final settlement date is R $ 1.662 after Tuesday (12). Total fall during this period was 26.2%.

Prices of petrol carried out by Petrobras in refineries can do Change to everyday Be revealed On his website.

For distributors, however, the same range decline was 3.26% (down from R $ 4,270 to R $ 4,131 L). Gas station reductions were 0.81% (down from $ 4,696 to $ 4.658 per liter).

Prices are based on weekly averages as confirmed by ANP (National Agency of Oil, Natural Gas and Biofuels), which tracks the 5,000 stations across the country and takes into account fluctuations from September 23 to 4 weeks.

Exchange and barrel quotes helped.

Petrobras has adopted a second fuel pricing policy that has been revised in line with international oil prices since 2016. According to the international oil price trend, the price of the barrel and the dollar value in real terms are included.

Gasoline prices rose as the two fired in the first half of this year. Between January and September, Petrobras fuel prices climbed to 33% and began to decline.

Since that time, the barrels of oil and dollars have changed and the price of Petrobras has also been lowered. The barrel that ran above $ 80 this year is currently $ 70. The dollar, which surpassed the US $ 4 in most of August and September, is now at R $ 3.80.

Recalibration takes time to reach the pump.

Emter Walter de Vitto, an energy analyst at Tendências Consultoria, said it takes time for the refurbishment to be fully completed.

"Distributors and broadcasters should burn old stock before they buy the product at a new price," he said. "Nonetheless, we can see retailer margins increase between September and October."

Margin is the product price difference when you buy and sell the product. The increase in margins may mean a rise in profit margins for the company, but the economist said, "It may also reflect increased costs such as labor, cargo or maintenance." However, this division of data is not disclosed by the company.

Increase price of mixture with ethanol

Another way Vitto compares is to see the absolute price fluctuations, that is, the increase in coins. This is because the percentage change is found to be distorted by using other criteria.

This is because a series of taxes and services are built into the gasoline until it arrives at the station, so the litter is expensive and the fuel itself leaving the refinery is getting smaller and smaller.

Petrobras' pure gas has already been $ 0.59 cheaper since the Petrobras reduction cycle began on September 22. In the distributor, the cent discount was R $ 0.14 for the considered period and R $ 0.04 for the station.

"There was also the impact of ethanol, which was expensive in off-season," Vitto said. Unlike gasoline from a pure refinery, the gasoline that reaches the consumer must be a mixture of 27% ethanol, which will vary when readjusted.

The average price of one liter of São Paulo liquor, the largest producer, was R $ 1,939 R $ from September 22 to November 2, and according to the weekly average price confirmed by Unica (União da Indústria de Cana) Sugar). It is an increase of 5.78%.

Other costs affect on-landing.

Fecombustíveis reported that gasoline itself, representing the country's jurisdiction, is only part of all the costs associated with final prices to consumers. According to the entity, this alleviates price changes in refineries.

"The value implemented by the Petrobras is about one-third of the price paid by the station's consumers, including the costs of biofuels, taxes, cargo and margins," Fecombustíveis said in a statement.

The entity also said it does not buy gasoline directly from refineries. "Broadcasters are available only to distributors, and distributors can lower prices when they are finally reduced.

Plural, an association that collects national distributors, said that at the refinery, the fuel still has a high tax burden to cover, but it is not included in the base price disclosed by Petrobras.

"Product and tax costs account for more than 80 percent of the final price and retailers average margins are less than 5 percent." Cide, PIS, Cofins and ICMS are the major taxes on gasoline and account for about 45% of the final product price of pumps in the industry calculations.

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