Composition of Sales Prices to Distributors

The pricing policy for gasoline and diesel sold to distributors at our refineries is based on the import parity price, which represents the supply alternative that our main competitors offer to the market - product import, in addition to a margin that takes into account the risks inherent to the import activity, such as exchange rate and price volatility, delays, and loss of the quality specification.

In search of convergence in the short term with international market parity, we analyze our share of the domestic market and periodically decide whether the prices practiced at the refineries will be maintained, reduced or increased.

Diesel and gasoline price adjustments

 
 
 
 

 

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LPG in cylinders of up to 13kg

Liquefied petroleum gas bottled in cylinders of up to 13 kg and for residential use (GLP-P13) marketed to the distributors has its sales price to the distributors formed by the monthly average prices of butane and propane on the European market (“Butane NWE CIF ARA” and “Propane NWE CIF ARA”) converted into Reais based on the daily average of the US Dollar selling prices, as disclosed by the Central Bank, plus a 5-percent margin. GLP-13 prices are adjusted monthly.

The prices Petrobras defines through its fuel price policies will also include taxes, a share over which the Company has no control. Also worthy of note is that the adjustment to the end consumer depends on other oil chain participants, especially distributors and resellers stations, as detailed in the description of the marketing chain and end consumer prices.