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Citi: Petrobras recipe must decrease $ 1.2 billion per year after diesel cut

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Revenue Petrobras It should decrease about $ 1.2 billion annually with a reduction in the price of diesel, he said City In the analysis published on Monday (31).

A Petrobras It will reduce the average price diesel He was sold in its refineries by 4.6 %, President Magda Chambroud told reporters.

After the statement, the state -owned company published a statement explaining in detail this reduction, which the scale is valid on Tuesday (1).

The state -owned company will reduce its diesel sales to the distributors who will be on average US $ 3.55 per liter, by reducing $ 0.17 per liter.

The decision should also leave the prices of the state -owned company under International ReferenceCity analysts said.

However, the bank recalls that Russian diesel can maintain its competitiveness in the Brazilian market, due to the opponent of the US supply.

Analysts also state that the procedure announced by the government company is considered negative in the short term for fuel distributors, such as Vibrate – The owner of the publications Petrobras – e Superior – What is with you IPERANGA.

“However, the highest gap between local diesel prices and international parity should reduce the competitiveness of young players, as low price can make diesel import activity more challenging, and the lowest price should be within the exchange of smaller worker capital.”

CITI has a $ 14 recommendation for AdRS – receiving the Brazilian procedures circulating in Wall Street – from Petrobras.

Easter should be more expensive after approximately the price of a triple cocoa

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