Petrobras announces a 6,6% increase in gasoline prices.
The price adjustment also applies to diesel (whose price rises 5,4%) and is effective from this Wednesday. The price at the pump should rise by around 4,2%. "This adjustment was defined taking into account the Company's pricing policy, which seeks to align the price of derivatives with the values practiced in the international market in a medium and long-term perspective," Petrobras explained.
Nielmar de Oliveira
Reporter from Agência Brasil
Rio de Janeiro - Petrobras announced tonight a 6,6% increase in the price of regular gasoline (Gasoline A) and a 5,4% increase in the price of diesel at the company's refineries throughout the country, effective from midnight on the 30th. The statement concludes that the adjustment was determined taking into account the company's pricing policy of aligning the prices of derivatives with those prevailing in the international market.
According to a statement from the state-owned company, the prices of gasoline and diesel, to which the adjustment applies, do not include federal taxes such as the Contribution for Intervention in the Economic Domain (Cide) and PIS/Cofins, and the state tax ICMS.
The last price adjustment announced by the state-owned company for gasoline occurred on June 25th of last year, when the common type of the product rose 7,83% at the refineries. At that time, diesel fuel was adjusted by 3,94%, also without the incidence of federal and state taxes.
At that time, however, the increase did not reach the final consumer's pocket since the government, in order to keep inflation under control, reduced the Cide tax rate to zero.
In the case of diesel fuel, however, Petrobras announced another 6% increase, which took effect on July 16, 2012, at the state-owned company's refineries.
Edited by: Carolina Pimentel
Check the announcement note:
Adjustment in gasoline and diesel prices
PETROBRAS AGENCY
Petrobras announces an adjustment (*) in sales prices at refineries of 6,6% for gasoline "A", and 5,4% for diesel, effective from midnight on January 30, 2013.
The prices of gasoline and diesel, to which the announced adjustment applies, do not include the federal taxes CIDE and PIS/Cofins and the state tax ICMS.
This adjustment was determined taking into account the Company's pricing policy, which seeks to align the price of derivatives with the values practiced in the international market in a medium and long-term perspective.
(*) average Brazil