"The gap between domestic and international gasoline prices fell in October, likely reduceing the trade deficit of Petrobras. According to analysts polled by Valor PRO, the real-time news agency of Valor, after reaching a peak of 33% in August, the difference fell to 17.5% in September and 9.2% in October 7. The gap dropped for two reasons: falling international gasoline prices, which declined to $0.67 per liter in October from $0.75 in August, and the devaluation of the dollar against the real. "A 5% oscillation of gasoline up or down than what is practiced abroad is normal," says expert Adriano Pires. Therefore, he believes that a 6% increase in refining, which is likely to happen, will give some room for Petrobras at least until next year".
Valor International
