On Friday, Petrobras president Magda Chambriard stated that the adjustment of diesel prices would have risen by R$ 0.70 per liter if not for the Brazilian government's recent measures aimed at curbing the increasing international oil prices. This statement came shortly after President Luiz Inácio Lula da Silva's announcement of a comprehensive package designed to tackle the inflation of fuel prices, particularly diesel. The new price set by Petrobras is R$ 0.38 per liter, thanks to the government's subsidies and efforts to mitigate the financial impact on consumers.

Chambriard explained that the company's calculations in favor of government measures resulted in a net increase of R$ 0.70 per liter. Of this amount, R$ 0.32 is the expected benefit from the subsidy program initiated on Thursday. As a result, the adjustment to distributors is limited to R$ 0.06 per liter after accounting for federal tax exemptions, meaning that retail prices at gas stations are likely to be even lower than the announced adjustment. This proactive approach aims to reduce potential backlash from consumers facing escalating fuel costs as global oil prices remain volatile.

The government's intervention highlights its commitment to managing economic challenges faced by Brazilian consumers, especially as international oil markets fluctuate. The reduction in potential price increases serves as a significant relief measure amid rising fuel costs, demonstrating Petrobras's correlation with government policy and its economic strategies designed to maintain consumer protection during uncertain times.