Petrobras rules out intervening in fuel prices

Jean Paul Prates, designated for the presidency of Petrobras, said that the change in the fuel price policy will not be made with any type of direct intervention in the market.

He also assured that the measures will be taken in an environment of predictability. “The fact of saying that it will end with the import parity price does not mean disconnecting from international oscillations, only that it will use more the fact of being produced internally in favor of the Brazilian economy. We will talk to all interested parties, ”he assured.

It did not disassociate itself from the international price, it did not disassociate itself from import parity, without imposing tariffs, without absolutely any direct intervention in the market, only taking advantage of the competitive advantage”, he added.

Another measure, he said, is to use mechanisms that allow “identifying, monitoring and helping companies to identify when there is a previous movement of increase [de combustibles] and make stocks before”.

Prates reinforced that Petrobras “complies with what the market and the government create in terms of context.” “So we are going to create our pricing policy for our clients, for the people who buy from Petrobras. We cannot influence that,” he said.

“All prices will have an international reference. It will always be influenced by international prices. Each price of fuels and oil derivatives is a reference, influenced by the international fluctuations”, he affirmed. “Today you imposed the IPP in the national market, which is not international. It is imported. Is different”.

Prates assessed that the fuel price policy problem is not structural. “It is a problem when there is a crisis. There is a price crisis, a supply crisis,” he said.

Effect on the actions of the state

The shares of Ibovespa and Petrobras gained momentum after the future president of Petrobras affirmed that there will be no direct intervention in the prices of the state-owned fuels or decoupling from international prices.

With that, the Ibovespa advanced 1.12%, to 105,334 points, reaching 103,915 points at the intraday minimum and 105,627 points at the maximum. Petrobras ON and PN recovered 1.67% and 3.18%, respectively. The spot dollar closed practically stable, with a rise of 0.01 percent.