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Diesel and gasoline complete 10 days of lag driven by Petrobras

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    The gap between the domestic prices of gasoline and diesel in relation to the international market, it has lasted ten days, according to a survey by Brazilian Association of Fuel Importers (Abicom), driven by the lack of adjustments by Petrobras in refineries.

    The difference in relation to the international price has been mitigated by the fall in oil prices and Central Bank auctions, which help to reduce the global appreciation of the dollar.

    Without a price adjustment for 47 days, the price of gasoline has an average difference of 5% this Wednesday, with the biggest price differences observed in the ports of Aratu, in Bahia, and Araucária, in Paraná, ports where the difference reaches 11%.

    To return to parity, the average adjustment in Brazil should be R$0,18 per liter, according to Abicom.

    Diesel continues to have a larger gap, of 12% on average, after having reached 16% on the 14th.

    The fuel is under greater pressure due to the arrival of winter in the northern hemisphere and Europe's rush to build up stocks, while the date for a ban on fuel imports from Russia approaches.

    It is also a fuel that is imported more than gasoline by Brazil. Diesel has a deficit of around 25% to supply the domestic market, compared to 3% for gasoline.

    To return to parity, the average increase in diesel should be R$0,70 per liter in refineries, according to the association, which does not see any conditions for imports to compete with the prices charged by Petrobras.

    The state-owned company is under pressure from the government to keep prices frozen until the end of the second round, with the aim of favoring the reelection of Jair Bolsonaro.

    With the exception of the Bahia market, where diesel has a lag of just 1%, the price of diesel is below that negotiated in the Gulf of Mexico in all ports that serve as a reference for importers.

    In Itacoatiara the gap is 14%, and in Itaqui, Suape, Paulínia and Araucária the gap is 15%.

    The price increase in these locations should be R$0,89 per liter to return to parity with international prices, according to Abicom.

    Diesel

    About the author

    Ricardo Siqueira

    Ricardo Siqueira

    I am an agricultural engineer from São Paulo with over 15 years of experience in the field and in the corporate sector. My career combines the tradition of agriculture with technological modernization, from managing urban gardens to managing complex agribusinesses. On the Agro Portal, I share analyses of digital tools, market trends, and recipes that value local production, always with a practical, data-driven perspective.