Petrobras Increases Natural Gas Prices to Distributors by 19%

Estimated read time 1 min read

(Reuters, 29.Apr.2022) — Brazil’s state-run oil company Petrobras said on Friday it will increase natural prices for distributors in the country by an average 19% starting May 1.

According to Petrobras, the adjustment follows the updating of formulas agreed with distributors, based on the variation of gas prices, Brent oil and the exchange rate.

The quarterly update of gas prices and the annual update for transportation reduce short-term volatility and ensure predictability and transparency, the state-owned company said in a statement.

____________________

Reporting by Letícia Fucuchima Writing by Carolina Pulice; Editing by David Gregorio

ENERGY ANALYTICS INSTITUTE (EAI) https://energy-analytics-institute.org

Energy Analytics Institute (EAI), formerly LatinPetroleum.com, is a Houston-established private organization with a satellite presence in Calgary, Mexico City and Venezuela where it operates under Editores LatinPetroleum SA. Since 1999, EAI has been a leader in energy news coverage of Latin America in particular. Coverage, run out of Latin America, now spans the world and encompasses nearly all energy and energy-related sectors.

You May Also Like

More From Author