Clipping of news on Brazilian Culture, Law and Citizenship
13/07/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
High price of the derivatives market values is the second in a month
Petrobras will reset the price of diesel by 6% in refineries from next Monday (16), in a move to reduce the lag of the fuel in the international market.
The estimated increase in diesel to the final consumer will be about 4%, the state said in a statement on Thursday (11), without explaining why the percentage is lower than the pumps in the refinery.
- This adjustment was defined taking into account the company's pricing policy, which seeks to align the price of the derivative values on the international market in a medium and long term.
It is the second adjustment of diesel in Brazil in less than a month. On June 22, Petrobras announced an increase of almost 4% in the amount of diesel and 7.8% in the price of gasoline at the refineries, as they came into force on June 25.
On occasion, the federal government decided to reduce to zero the rates of Cide (Contribution for Intervention in Economic Domain) levied on diesel and gasoline to offset the impact of increases to the final consumer.
Despite two consecutive increases, the price of diesel continues to date in relation to that practiced in the United States, according to the Brazilian Center for Infrastructure.
Petrobras said in late June to seek parity fuel prices between the domestic and international in the coming years to strengthen and boost its cash investments.
The supply area of the state has recorded large losses in recent quarters, with imports of gasoline skyrocketing higher values to meet the domestic market, while fuel prices were kept in the country to control inflation at the request of the controlling shareholder of Petrobras, the federal government.
Source: The Day on Line
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This article was translated by an automatic translation system, and was therefore not reviewed by people.