T&B Petroleum/Petrobras Agency
The increase in domestic demand for cooking gas, due to the social distancing scenario, resulted in an increase of 5.3% in the consumption of LPG for 13 kg cylinders in 2020. The movement occurred in the opposite direction to that of other fuels, impacted by mobility restrictions imposed by COVID-19 and the consequent economic downturn. The data can be consulted in the Dynamic Panel of the Brazilian LPG Market on the Market page: https://www.gov.br/anp/pt-br/centrais-de-conteudo/paineis-dinamicos-da-anp/paineis-dinamicos-do-abastecimento/painel-dinamico-do-mercado-brasileiro-de-glp
Over the past 14 years, the price of gas cylinders has fluctuated between 6% and 8.7% of the current national minimum wage. In 2007, this percentage was 8.7%. In 2019, the price of the cylinder represented 6.9% and, in 2020, it was equivalent to 6.7% of the minimum wage, on average.
Petrobras' sales prices to distributors, as well as its dynamics linked to changes in international prices and foreign exchange, account for only a portion of the price to the final consumer, although variations in the price of the cylinder are almost always attributed exclusively to Petrobras.
In 2020, Petrobras' share of the price to the final consumer corresponded, on average, to 39% of the value observed at points of resale. In addition to the cost of LPG at the company's refineries, state and federal taxes make up the sale price of the cylinder (weight of 18%, on average, in 2020), as well as coverage of costs and remuneration of LPG distributors and resellers. (43% on average in 2020).
The prices practiced by Petrobras are based on import parity quotations and, thus, follow the variations of the product's value in the international market and of the exchange rate. Reflecting such fluctuations, Petrobras promotes both increases and decreases in its prices.
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