According to ANP, fuel prices at gas stations fell last week. Gasoline fell by 0.64% and diesel by 0.88%
According to data from the National Agency of Petroleum, Natural Gas and Biofuels (ANP), despite the significant decline in oil prices on the international market and the sharp cut by Petrobras in the prices of its refineries, the price of fuel at gas stations fell last week.
Even with the decline for consumers, the drop does not match the size of the fuel price cut carried out by Petrobras at refineries.
The impact of the coronavirus pandemic on global fuel demand led US oil prices to close this Friday with the biggest weekly decline since 1991. WTI had a 29% decline between Monday and Friday, and Brent oil had losses of 20% in that same period.
Petrobras, due to the decline in international prices, reduced gasoline prices at its refineries by 12% and diesel prices by 7.5% as of Thursday. The company had already reduced gasoline prices by 9.5% and diesel prices by 6.5% the previous week.
According to the ANP survey, the average price of a liter of gasoline for the consumer fell by 0.64%, to R$ 4.486, in the week. And the price of a liter of diesel fell by 0.88%, reaching R$ 3.586. The price of a liter of ethanol fell by 0.83%, to R$ 3.226.
All these values are an average that the ANP calculates with data collected at various gas stations in cities across the country. Prices vary according to each region.
Price at refineries
On Thursday (19), Petrobras confirmed a 12% cut in the price of gasoline and 7.5% in the price of diesel at its refineries. As a result, this year the drop in gasoline totals 30.1%. And the price of diesel oil accumulated a drop of 29.1%.
The cut in fuel prices is happening at a time when oil prices are falling sharply as a result of the expansion of the coronavirus pandemic around the world and the slowdown in the global economy.
This week, the U.S. benchmark WTI crude oil lost 29%, the steepest since the start of the Gulf War in 1991. Brent crude, meanwhile, lost 20%. Both benchmark contracts have now fallen for four straight weeks.