Petrobras president says he can reduce gasoline prices

One day after Petrobras announced the reduction in the price of diesel, the company’s president, Jean Paul Prates, said, this Thursday (23), in Rio de Janeiro, that the state-owned company may reduce the price of gasoline. “Whenever we can sell cheaper to the Brazilian consumer, we will do it”, he said when asked if the company should lower the price of gasoline this month.

After participating in the launch of the “Caderno FGV (Fundação Getúlio Vargas) Energia de Gás Natural”, Prates highlighted that the company adopts the Import Parity Price (PPI) as a reference and not as a “dogma”.

“I do not accept the dogma of the PPI. I accept the international reference. We work with the international reference with the market price according to our client. (A) good customer you give discount. It’s company policy,” he explained.

international reference

He added that the best price for the company is the price close to the international reference. “It doesn’t mean that I have to walk exactly on top of the importer’s price line. It’s quite different. It doesn’t mean that I’m going to withdraw, isolate myself and become a bubble in the world. We have to follow the international benchmark. If the price of oil has dropped abroad and inputs for refineries have reduced, I have to respond to the final consumer. But I don’t necessarily need to be tied to the price of the importer, who is my main competitor. Import parity is not the price that Petrobras should practice”.

During the event, the president of Petrobras pointed out that the company will invest in infrastructure for the transport, flow and distribution of natural gas, which he pointed out as obstacles to the gas market.