Fuel Prices Brazil - Revision history

Ranisha at 16:09, 15 July 2014

2014-07-15T16:09:31Z

Armin Wagner at 14:35, 15 April 2013

2013-04-15T14:35:22Z

Armin Wagner at 12:58, 12 March 2013

2013-03-12T12:58:11Z

Armin Wagner at 10:35, 18 February 2013

2013-02-18T10:35:04Z

Armin Wagner at 12:13, 14 February 2013

2013-02-14T12:13:04Z

Armin Wagner at 12:11, 14 February 2013

2013-02-14T12:11:40Z

Armin Wagner at 10:43, 14 February 2013

2013-02-14T10:43:58Z

Tai Becker at 14:29, 10 December 2012

2012-12-10T14:29:25Z

Tai Becker at 13:46, 10 December 2012

2012-12-10T13:46:29Z

Tai Becker at 13:45, 10 December 2012

2012-12-10T13:45:49Z

@@ Line 1: / Line 1: @@
 {{Fuel Price Factsheet
 |Fuel Price Country=Brazil
@@ Line 10: / Line 11: @@
-(Source:  Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
+(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
 |Fuel Currency=BRL
 |Fuel Price Exchange Rate=1.73
@@ Line 23: / Line 24: @@
 |Fuel Transparency Price Composition=2
 |Fuel Transparency Pricing Mechanism=2
-}}
+}} {{Fuel Price Factsheet Source
 |Fuel Price Factsheet Source Type=Pump prices and margins
 |Fuel Price Factsheet Source Link=http://www.anp.gov.br/preco/
-}}
+}} {{Fuel Price Factsheet Source
 |Fuel Price Factsheet Source Type=Pump prices and margins
 |Fuel Price Factsheet Source Link=http://www.precodoscombustiveis.com.br/
-}}
+}} {{Fuel Price Factsheet Source
 |Fuel Price Factsheet Source Type=Other Information
 |Fuel Price Factsheet Source Link=http://uneprisoe.org/Pricing/FuelPricingPolicies.pdf
-}}
+}} {{Fuel Price Factsheet Source
 |Fuel Price Factsheet Source Type=Other Information
 |Fuel Price Factsheet Source Link=http://www.anp.gov.br
 |Fuel Price Factsheet Source Annotation=National Petroleum Agency of Brazil
-}}
+}} {{Fuel Price Factsheet Source
 |Fuel Price Factsheet Source Type=Other Information
 |Fuel Price Factsheet Source Link=http://www.mme.gov.br
 |Fuel Price Factsheet Source Annotation=Ministry of Mines and Energy
-}}
+}} {{Fuel Price Factsheet Source
 |Fuel Price Factsheet Source Type=Other Information
 |Fuel Price Factsheet Source Link=http://www.petrobras.com.br
 |Fuel Price Factsheet Source Annotation=Petrobras
 }}

@@ Line 1: / Line 1: @@
 {{Fuel Price Factsheet
 |Fuel Price Country=Brazil
-|Fuel Pricing Policies="Pricing policy: Prices were deregulated by law in Jan 2002, but in practice the national oil company, Petrobras, has virtually frozen ex-refinery prices for years on end, with mounting losses. The national average producer price of pure gasoline were kept within a narrow band of R$1.51−1.55/liter between Sep 2005 and Jan 2013, that of diesel within R$1.33−1.37 between Aug 2009 and Jul 2012, and that of LPG sold in 13-kg cylinders has been kept within R$1.03−1.05 per kg since Nov 2003 (with higher prices earlier). Ex-refinery prices of gasoline and diesel were raised in Jan 2013. Government adjusts a tax on gasoline and diesel contributing to intervention in the economic domain, called CIDE (Contribuição e Intervenção no Domínio Econômico), to further stabilize retail prices. A negative CIDE tax was levied on LPG until Apr 2002. Monthly average retail prices of diesel (averaged across the country) and FOB benchmark prices relevant to Brazil since 2007 are shown below. The plot shows significant price smoothing.
+|Fuel Pricing Policies="Pricing policy: Prices were deregulated by law in Jan 2002, but in practice the national oil company, Petrobras, has frozen ex-refinery prices for years on end, with mounting losses. The national average producer price of pure gasoline were kept within a narrow band of R$1.51−1.55/liter between Sep 2005 and Jan 2013, that of diesel within R$1.33−1.37 between Aug 2009 and Jul 2012, and that of LPG sold in 13-kg cylinders has been kept within R$1.03−1.05 per kg since Nov 2003 (with higher prices earlier). Ex-refinery twice in 2012, and in Jan and Feb 2013. Government adjusts a tax on gasoline and diesel contributing to intervention in the economic domain, called CIDE (Contribuição e Intervenção no Domínio Econômico), to further stabilize retail prices. A negative CIDE tax was levied on LPG until Apr 2002. Monthly average retail prices of diesel (averaged across the country) and FOB benchmark prices relevant to Brazil since 2007 are shown below. The plot shows significant price smoothing.
 Consequences of pricing policy: Petrobras’ refining, transportation, and marketing division lost US$8.5 billion in 2011 and US$17.5 billion in 2012. The recent decline in the company’s financial performance, including its first quarterly loss in 13 years posted in August 2012, has been blamed in large part on low domestic fuel prices. Cuts in CIDE in recent years have cost hundreds of millions of dollars.

@@ Line 1: / Line 1: @@
 {{Fuel Price Factsheet
 |Fuel Price Country=Brazil
-|Fuel Pricing Policies='''Agencies:'''
+|Fuel Pricing Policies="Pricing policy: Prices were deregulated by law in Jan 2002, but in practice the national oil company, Petrobras, has virtually frozen ex-refinery prices for years on end, with mounting losses. The national average producer price of pure gasoline were kept within a narrow band of R$1.51−1.55/liter between Sep 2005 and Jan 2013, that of diesel within R$1.33−1.37 between Aug 2009 and Jul 2012, and that of LPG sold in 13-kg cylinders has been kept within R$1.03−1.05 per kg since Nov 2003 (with higher prices earlier). Ex-refinery prices of gasoline and diesel were raised in Jan 2013. Government adjusts a tax on gasoline and diesel contributing to intervention in the economic domain, called CIDE (Contribuição e Intervenção no Domínio Econômico), to further stabilize retail prices. A negative CIDE tax was levied on LPG until Apr 2002. Monthly average retail prices of diesel (averaged across the country) and FOB benchmark prices relevant to Brazil since 2007 are shown below. The plot shows significant price smoothing.
-''Ministry of Energy and Mines (MEM) and the Ministry of Finance''
+Social protection: In Apr 2002, the LPG subsidy was eliminated and replaced with assistance to enable the poor to use LPG through LPG vouchers in Bolsa Familia, government’s social welfare program.
-“They determine the parameters for quarterly revision of prices for oil products. This is the basis for the establishment of the adjustment percentages applied to the prices of gasoline, diesel oil and LPG at the refineries and other producers and importers.”
+Information: Agência Nacional do Petróleo, Gás Natural e Biocombustíveis (ANP, National Agency of Petroleum, Natural Gas and Biofuels) posts detailed historical and current information on prices on its Web site. Information posted includes weekly surveys of retail prices of gasoline, diesel, and LPG and marketing margins. In May 2004, the survey coverage was expanded to a total of 555 locations. ANP also issues annual reports on global and domestic prices."
 (Source:  Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)

@@ Line 13: / Line 13: @@
-Prices were deregulated by law in Jan 2002, but in practice the national oil company, Petrobras, has virtually frozen ex-refinery prices for years on end, with mounting losses. The national average producer price of pure gasoline has been kept within a narrow band of R$1.51−1.55 per liter since Sep 2005 and that of LPG sold in 13-kg cylinders between R$1.03−1.05 per kg since Nov 2003 (with higher prices earlier), while that of diesel was kept between R$1.33−1.37 between Aug 2009 and Jul 2012. Petrobras’ refining division lost US$9.0 billion in the first nine months of 2012, and US$5.7 billion in 2011. In May 2011, government announced that it was launching an investigation into Petrobras’ fuel distribution and retail division for alleged abuse of its dominant market position in Brasilia. Government posts weekly surveys of retail prices of gasoline, diesel, and LPG and marketing margins on the internet. In May 2004, the survey coverage was expanded to a total of 555 locations. Government adjusts a tax on gasoline and diesel contributing to intervention in the economic domain, called CIDE, to further stabilize retail prices. A negative CIDE tax was levied on LPG until Apr 2002, when the subsidy was eliminated and replaced with assistance to enable the poor to use LPG through LPG vouchers in Bolsa Familia, government’s social welfare program. Cuts in CIDE in recent years have cost hundreds of millions of dollars. (Source:  Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
+"Prices were deregulated by law in Jan 2002, but in practice the national oil company, Petrobras, has virtually frozen ex-refinery prices for years on end, with mounting losses. The national average producer price of pure gasoline has been kept within a narrow band of R$1.51−1.55 per liter since Sep 2005 and that of LPG sold in 13-kg cylinders between R$1.03−1.05 per kg since Nov 2003 (with higher prices earlier), while that of diesel was kept between R$1.33−1.37 between Aug 2009 and Jul 2012. Petrobras’ refining division lost US$9.0 billion in the first nine months of 2012, and US$5.7 billion in 2011. In May 2011, government announced that it was launching an investigation into Petrobras’ fuel distribution and retail division for alleged abuse of its dominant market position in Brasilia. Government posts weekly surveys of retail prices of gasoline, diesel, and LPG and marketing margins on the internet. In May 2004, the survey coverage was expanded to a total of 555 locations. Government adjusts a tax on gasoline and diesel contributing to intervention in the economic domain, called CIDE, to further stabilize retail prices. A negative CIDE tax was levied on LPG until Apr 2002, when the subsidy was eliminated and replaced with assistance to enable the poor to use LPG through LPG vouchers in Bolsa Familia, government’s social welfare program. Cuts in CIDE in recent years have cost hundreds of millions of dollars."
 |Fuel Currency=BRL
 |Fuel Price Exchange Rate=1.73

@@ Line 11: / Line 11: @@
 “ANP publishes weekly weighted average prices in the regions of the north, north-east, centre west, south and south-east charged to producers and importers of regular gasoline, diesel oil, aviation kerosene and LPG. These prices do not include ICMS (goods and services tax). The full prices and mark-ups are monitored for approximately 4.000 posts of localized retailers in 363 cities, distributed in all states and which serve as an input for ANP for publishing a monthly summary of price trends in the domestic fuel market (the wholesale and retail margins are studied as well as the average sales prices). ANP also publishes the price structure for regular gasoline in terms of
 the formula only”. (Source: http://uneprisoe.org/Pricing/FuelPricingPolicies.pdf)
 Prices were deregulated by law in Jan 2002, but in practice the national oil company, Petrobras, has virtually frozen ex-refinery prices for years on end, with mounting losses. The national average producer price of pure gasoline has been kept within a narrow band of R$1.51−1.55 per liter since Sep 2005 and that of LPG sold in 13-kg cylinders between R$1.03−1.05 per kg since Nov 2003 (with higher prices earlier), while that of diesel was kept between R$1.33−1.37 between Aug 2009 and Jul 2012. Petrobras’ refining division lost US$9.0 billion in the first nine months of 2012, and US$5.7 billion in 2011. In May 2011, government announced that it was launching an investigation into Petrobras’ fuel distribution and retail division for alleged abuse of its dominant market position in Brasilia. Government posts weekly surveys of retail prices of gasoline, diesel, and LPG and marketing margins on the internet. In May 2004, the survey coverage was expanded to a total of 555 locations. Government adjusts a tax on gasoline and diesel contributing to intervention in the economic domain, called CIDE, to further stabilize retail prices. A negative CIDE tax was levied on LPG until Apr 2002, when the subsidy was eliminated and replaced with assistance to enable the poor to use LPG through LPG vouchers in Bolsa Familia, government’s social welfare program. Cuts in CIDE in recent years have cost hundreds of millions of dollars. (Source:  Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)

@@ Line 9: / Line 9: @@
 |Fuel Price Composition Annotation=Source: http://www1.folha.uol.com.br/folha/dinheiro/ult91u438347.shtml
 |Fuel Price Composition 2=GIZ_IFP2012_Brazil2.png
-|Fuel Pricing Policies=Agencies:
+|Fuel Pricing Policies='''Agencies:'''
-Ministry of Energy and Mines (MEM) and the Ministry of Finance
+''Ministry of Energy and Mines (MEM) and the Ministry of Finance''
 “They determine the parameters for quarterly revision of prices for oil products. This is the basis for the establishment of the adjustment percentages applied to the prices of gasoline, diesel oil and LPG at the refineries and other producers and importers.”
-National Petroleum Agency (ANP)
+''National Petroleum Agency (ANP)''
 “ANP publishes weekly weighted average prices in the regions of the north, north-east, centre west, south and south-east charged to producers and importers of regular gasoline, diesel oil, aviation kerosene and LPG. These prices do not include ICMS (goods and services tax). The full prices and mark-ups are monitored for approximately 4.000 posts of localized retailers in 363 cities, distributed in all states and which serve as an input for ANP for publishing a monthly summary of price trends in the domestic fuel market (the wholesale and retail margins are studied as well as the average sales prices). ANP also publishes the price structure for regular gasoline in terms of