Petrobras director predicts diesel prices to remain stable in coming months

In the coming months, the diesel price scenario should remain stable, with the potential to increase towards the end of the year, as winter approaches in the Northern Hemisphere, when more fuel is required to provide heating. The prediction was made by Claudio Mastella, Petrobras’ director of commercialization and logistics, during an online presentation of the state-owned company’s second-quarter results to shareholders this Friday (29).

“Making a price forecast (projection) is always risky. But what we see today is prices and derivatives holding similar levels to current levels. Especially diesel. In addition to what is happening today, winter is approaching in the northern hemisphere. Expect the diesel to stay at that level or even stronger. Unless, for example, a severe global recession is established that has not settled. Today we see that the market is moving sideways, with a possible strengthening of diesel fuel at the end of the year,” he says.

This was the first presentation of the results of the company under the leadership of Caio Mário Paes de Andrade. The manager did not attend the event, which details the company’s net income for the period of R$54.3 billion and the state-owned company’s operations.

The average price of diesel fuel per liter at the country’s gas station pumps is higher than that of gasoline, according to the National Agency for Petroleum, Natural Gas and Biofuels (ANP)’s weekly bulletin dated July 24. As of last Friday’s edition (7/22), the average price of the product was R$7.55 per liter of S-10, compared to R$5.89 for regular gasoline.

In May, the company issued a statement to ANP about the risk of diesel fuel shortage in the country during the second half of the year. Mastela highlighted the evolution of the scenario since then, but emphasized that the company’s perception of the environment is still one of care.

“Some things have developed, we are still cautiously watching the diesel scenario in the coming months. Due to a seasonal increase in demand in the second half of the year, northern hemisphere winter, low availability of Russian exports, planned refinery shutdowns here in Brazil and hurricane season in the U.S. and Caribbean due to eventual refining unavailability. in the second semester,” explains the director of Petrobras.

“Mastela” emphasized the company’s efforts to fight against the market situation and noted that at the moment the company has no problems in purchasing fuel from the most frequent suppliers.

“We constantly analyze the opportunities of the international market. Today, we have no problems buying from suppliers such as the US and Asia. We already shop regularly. To ensure that our customers are well served, we have re-evaluated stock levels and made some purchases in advance to ensure our customer service levels. Given the sign of uncertainty, having traders in Asia, Europe and the US allows for control of the flow of petroleum products. Mainly diesel, which is the most sensitive point at the moment,” he concludes.

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