Brazilian state-owned oil company Petrobras, the largest in Latin America, announced today a new diesel price cut, continuing the government’s policy of reducing fuel prices, thanks to which inflation fell by 0.68% in July.
Petrobras said that a liter of diesel will be sold to distributors at a price of 5.41 reais (US$$1.1) starting this Friday, a decrease of 4.07%.
This is the second decline in the price of diesel since President Jair Bolsonaro chose Caio Paes de Andrade as the new head of Petrobras.
Petrobras announces new diesel price cut in Brazil. (Photo internet reproduduction)
Paes de Andrade took over from José Mauro Coelho, who had ordered a 14.2% increase in the price of diesel and a 5.2% increase in the price of gasoline in mid-June.
Together with the new leadership of state oil company Petrobras, Bolsonaro pushed through Congress a law that lowers the goods and services tax levied on fuel.
As a result of these measures, which made diesel, gas and gasoline cheaper, there was deflation of 0.68% in July, the lowest rate in that month since 1980, according to the Brazilian Institute of Geography and Statistics on Tuesday.
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.
P
◆ Live Company Intelligence
Petroleo Brasileiro Petrobras
NYSE: PBRPETR4EnergyOil & Gas Integrated43,199 employees
$163.04B
Market cap
Analyst target $23.31
Wall Street view
4.4Buy/ 5
11 Buy3 Hold0 Sell
Avg. price target $23.31 · +28% vs 200-day
Valuation & profitability
Market cap$163.04B
Revenue (TTM)$548.49B
P / E ratio6.4
Profit margin24.3%
Return on equity30.3%
Price & risk
52-wk low $10.6552-wk high $25.60
Beta (volatility)-0.23
200-day average$18.19
Revenue trend · 6y
20202025
Latest $88.10B
Ownership
Institutions22.4%
Shares outstanding3.72B
Top holderGQG Partners LLC
Institutional holders5+ funds
Dividend
Yield14.9%
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…
