RIO DE JANEIRO, BRAZIL – Petrobras announced that as of Monday, August 5th, the price of bottled gas for residential use (LPG) would drop 8.16 percent, to R$24.06 (US$6).
The 13-kilo gas bottle had been sold at R$26.20 since May. The new price is the lowest since November of last year.
According to news from Petrobras, Sindigás, which includes companies in the sector, said the drop in residential LPG would range between 6.5 and 12 percent, depending on the location.
Petrobras announced Friday, August 2nd, a reduction in the price of residential and business LPG for distributors.
Meanwhile, the state-owned company increased the price of gasoline and diesel last Thursday by approximately four percent.
The company also announced a 13 percent drop in the price of LPG for industrial and residential use. The downturn occurs one week after the state-owned company reduced the cost of LPG for industrial and residential use by 9.8 percent.
According to Sindigás, the drop, which begins to take effect on Monday, could reach 17 percent, depending on the supply hub.
However, despite the drop, Sindigás recalls that Petrobras is offering a 31 percent premium on its prices in relation to the international market price.
According to Sindigás, “this premium has been pushing the costs of businesses with LPG among their main supplies, with a critical impact on companies operating on its intensive use.”
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
$164.72B
Market cap
Analyst target $24.09
Wall Street view
4.4Buy/ 5
11 Buy3 Hold0 Sell
Avg. price target $24.09 · +30% vs 200-day
Valuation & profitability
Market cap$164.72B
Revenue (TTM)$548.49B
P / E ratio6.6
Profit margin24.3%
Return on equity30.3%
Price & risk
52-wk low $10.7452-wk high $26.12
Beta (volatility)-0.23
200-day average$18.54
Revenue trend · 6y
20202025
Latest $88.10B
Ownership
Institutions22.3%
Shares outstanding3.72B
Top holderGQG Partners LLC
Institutional holders5+ funds
Dividend
Yield14.1%
Payout ratio28.3%
Fwd. annual$1.43
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…
