Petrobras Scraps Gasoline Price Hike Hours After Announcing It
6 Articles
6 Articles
Petrobras Scraps Gasoline Price Hike Hours After Announcing It
Brazil · Energy Key Facts —The U-turn. Petrobras announced a gasoline price increase for distributors on the night of Wednesday, September 9, and cancelled it hours later, in a correction issued shortly after midnight. —The numbers. The first notice pointed to an average distributor price of R$3.24 per liter (about US$0.63); the corrected one sets […]
A misunderstanding in the interpretation of the federal government's decree on the dishonoring of gasoline on Wednesday caused Petrobras to go back and cancel the readjustment that had been announced a few hours earlier, according to a source. In practice, instead of raising the fuel price to the distributors, as previously informed, the company will have a kind of mattress for any future readjustments, if necessary. Exclusive material for subsc…
Petrobras withdrew, in the early morning of Thursday (10), from the additional increase of R$ 0.19 per litre that had announced about four hours earlier for gasoline. The state informed that it will only apply the increase of R$ 0.44 due to the end of the government's banked discount. With the correction, the average price charged by the company [...]
Petrobras cancelled the change in the price of gasoline on September 10, 2026, a few hours after divulging the measure to the market. The decision paralyzed the effects of the readjustment that would come into force for fuel distributors. Decision suspends new fuel table Petrobras blocked the charge. By registering the cancellation [...]
State had reported price rise on the same day the government announced fuel dishonor. Read on Power360
Itaú points out in report that movement can generate fears about "consistency and independence" of state price policy
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