En Español

Very usefull links


News links




Dow Jones

Oil price



Views and News





Marta Nogueira -Brazil's Petrobras eyes adjustments in fuel pricing to fight importers


By Marta Nogueira

Petroleumworld 12 11 2017

Brazil's state-controlled oil company Petrobras could make more adjustments to its fuel pricing policy as a way to better fight fuel importers for market share, its executive manager for fuel sales said on Friday.

Guilherme Franca told Reuters in an interview that the company remains committed to its fuel pricing policy of closely following international price moves, but he added the company will continue to adjust the parameters used to calculate the international parity price.

Petroleo Brasileiro SA started to follow international oil prices in October 2016, but in June changed the frequency of its price changes to an almost daily basis as a way to better face competition from importers.

The company, which controls almost 100 percent of refining in Brazil, has lost market share on fuel sales, something that is hurting its results.

“We are learning every day new ways to operate under these new dynamics. Everybody is seeking alternatives to maximize results,” he said.

Last week, Petrobras changed its parity calculation for diesel, saying importers had managed to cut costs with some logistics changes that were not being accounted for by Petrobras when it defines the price at which it sells diesel. With the change, Petrobras cut diesel prices at the refinery by 5.7 percent.

The company has also seen a surge in ethanol demand recently, due to lower prices for the biofuel compared to gasoline, which increased in price this year after a tax hike by the government and higher oil prices.

Brazilian diesel imports jumped 61 percent in 2017 through October. Petrobras diesel sales fell 10 percent in the third quarter, reducing its market share to 72 percent.

Story by Marta Nogueira ; Writing by Marcelo Teixeira Editing by Marguerita Choy from Reuters.

reuters.com 12 08 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



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.