Petrobras said on Sunday (14) that it would discuss, early this week, a change in its pricing policy for diesel and gasoline.
“The Company clarifies that any changes will be based on technical studies, in compliance with governance practices and the applicable internal procedures,” it said in a statement.
Currently, the value of fuels is calculated in dollars, and oil follows the international quotation.
Thus, when the barrel of oil or the US currency rises in the international market, the price of gasoline and diesel also rises in Brazil.
On Friday (12), the president of Petrobras, Jean Paul Prates, told the press that the new criteria should balance stability and volatility.
The idea is to avoid prolonged price paralysis and numerous readjustments quickly.
“We don’t need to go back to when there was no adjustment all year round. In 2006 and 2007, this happened.”
“And also, we don’t need to live within the marathon of 118 readjustments for a single fuel, as it was in 2017, which led to the huge crisis of the truckers’ strike,” he said.
News Brazil, English news Brazil, Brazilian economy, Petrobras
Live Company IntelligencePetroleo Brasileiro Petrobras SA ADR — the full investor dossierInside: live share price, market cap, three-year financials, valuation, ESG and peer benchmarks — plus the latest Rio Times coverage.
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Petroleo Brasileiro Petrobras
NYSE: PBRPETR4EnergyOil & Gas Integrated43,199 employees
$139.52B
Market cap
Analyst target $22.95
Wall Street view
4.4Buy/ 5
11 Buy3 Hold0 Sell
Avg. price target $22.95 · +28% vs 200-day
Valuation & profitability
Market cap$139.52B
Revenue (TTM)$548.49B
P / E ratio5.3
Profit margin24.3%
Return on equity30.3%
Price & risk
52-wk low $10.6552-wk high $24.76
Beta (volatility)-0.21
200-day average$17.87
Revenue trend · 6y
20202025
Latest $88.10B
Ownership
Institutions22.3%
Shares outstanding3.72B
Top holderGQG Partners LLC
Institutional holders5+ funds
Dividend
Yield17.5%
Payout ratio28.3%
Fwd. annual$1.68
What Petroleo Brasileiro Petrobras does. Petróleo Brasileiro S.A. – Petrobras explores, produces, and sells oil and gas in Brazil, China, the United States, the Americas, Asia, Europe, Singapore, and internationally. It operates through three segments: Exploration and Production; Refining, Transportation & Marketing; and Gas & Low Carbon Energies. The Exploration and Production segment explores, develops, and produces…
