En Español

Very usefull links


News links




Dow Jones

Oil price



Views and News





Petrobras hikes September gasoline price by 10 pct total



By Luciano Costa

Petroleumworld 09 05 2017

Brazil's state-controlled oil giant Petroleo Brasileiro hiked gasoline prices again on Monday, bringing the total increase for September to 10 percent after Hurricane Harvey shut refineries and sent fuel benchmarks up.

Petrobras, as the company is known, boosted gasoline prices by 3.3 percent and diesel by 0.1 percent starting Tuesday, after a meeting of its Executive Group on Market and Prices, which gathers monthly and when fuel price adjustments exceed 7 percent in a month.

It was the first time the group met because of a large price hike since the new pricing policy was set in July. The policy, which lets the company shift prices more quickly, is aimed at allowing Petrobras to recoup market share lost to competitors.

Before the Monday announcement, Petrobras had already lifted gasoline prices by 4.2 percent and 2.7 percent, while it had raised diesel prices by 0.8 percent and 4.4 percent.

“In the last week, due to the impact of Hurricane Harvey on the operation of refineries, pipelines, and oil and oil terminals in the Gulf of Mexico, the derivatives markets suffered intense price variations,” Petrobras said on Monday.

The storm roared into Texas last month, crippling ports along the U.S. Gulf Coast and flooding oil refineries, resulting in million barrels of gasoline and distillates in lost production.

Story by Luciano Costa; Writing by Alexandra Alper; Editing by Nick Zieminski from Reuters.

09 04 2017

We invite all our readers to share with us
their views and comments about this article.

Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels


Sept. 14-15,
Accra, Ghana


Nov 13-14 ;
Mexico City, Mexico









Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld ™  / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.