Gasoline prices may fall "soon," says Petrobras president.
"Whenever we can sell cheaper to our customer, our Brazilian consumer, we will do it," said Jean Paul Prates.
247 - Petrobras president Jean Paul Prates said on Thursday (23) that the state-owned company could reduce the price of gasoline at refineries “soon”. “Whenever we can sell cheaper to our customer, our Brazilian consumer, we will do so,” said Prates. The statement by the state-owned company president was made a day after Petrobras reduced the price of diesel oil at refineries by about 4,5%.
According to the newspaper Valor EconômicoHowever, he did not specify a timeframe for a possible reduction in fuel prices. When questioned about the matter, Prates emphasized that the company has "a team that monitors prices" and that the prices charged "fluctuate according to international benchmarks and the Brazilian market. This is our policy, both for products produced here and imported ones."
Prates also said that the Import Parity (PPI), a factor that is part of the composition of fuel prices by Petrobras, should be seen as a reference, not as a "dogma".
“Who is PPI? Where is it published? There’s nothing written about it. I don’t accept the PPI dogma; I accept international benchmarks and market pricing according to our client. Those who pay well receive a discount, those who are nearby receive it one way…it’s company policy,” he said. “We have to end the dogma of having to match your competitor’s price,” Prates added, according to the source. Estadão Content.