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The decline will begin next Monday and comes after Brent crude oil has crossed the $ 20 per barrel barrier.
Petrobras informed distributors that it will reduce diesel by 10% from Monday 27, according to the Brazilian Association of Fuel Importers (Abicom).
The decline comes in a week when WTI-type oil hit a record low and Brent-type oil crossed the $ 20 per barrel barrier. However, on Friday the 24th, the June contracts for the merchandise tested recovery, but remained at low prices. WTI rose 2.67%, trading at $ 16.94 / barrel and Brent at $ 21.44 / barrel, an increase of 0.52%.
The drop in diesel and other oil products has accompanied the drop in oil prices since the start of the coronavirus pandemic, which has dramatically affected global demand. In Brazil, the drop in diesel consumption has been around 22% since the start of the pandemic.
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