ANP rejects minimum frequency for fuel readjustment – News



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The ANP (National Agency for Oil, Natural Gas and Biofuels) is expected to launch a public consultation, in about 30 days, a draft resolution to define new rules for the fuel sector. In the initial proposal, the regulator has ruled out setting a minimum frequency for readjustments of diesel and gasoline prices, which are defined by Petrobras.

The CEO of the ANP, Decio Odonne, told reporters Thursday (19) that the agency will seek in the project that market providers, such as Petrobras, publish the prices charged by the outlets and not the national average, a method currently practiced by the state oil company.

Oddone believes that the resolution could already come into force He preferred not to go into details about the new rules, which are a response to the historic 19459004 judgment of 11-day truckers in May who caused significant losses to the Brazilian economy .

"Companies should not establish a fixed periodicity for the readjustment of their fuels, which means that companies remain free to form their prices, pricing policies internal problems of companies," said Oddone at the time of 39, a press conference at the headquarters of the ANP

The predictability of diesel readjustment was one of the main flags of truckers, who protested against the high price of fuel and its negative impact. However, the search for greater transparency on the part of the resolution, in the badessment of the regulatory agency, will allow growth of investment in oil refining in the country and competition increased, benefiting consumers. transparency in price formation, more interest than we will have in the Brazilian market. Having more players competing in the Brazilian market, there will be a trend towards more competitive prices, "said Oddone

Without Prior Disclosure of Values ​​

Another rule that should appear in the draft resolution is that Petrobras will publish the price that will be practiced in the future the day before. "

" The price adjustment is not announced, it is practiced, "said Odonne. , explaining that the values ​​are strategic to the companies

The findings came after the municipality reviewed 146 demonstrations during a public review of contributions (PTC) on the periodicity of the pbad-through of fuel price adjustments between June 11 and June 2

TPC came to spark discussions in the market, if the ANP could end up intervening in the strategic action of companies, reviving fear

Oddone denied however, the decision not to create a minimum frequency of readjustments may have been the result of market pressures. According to him, the search for transparency and competition was the best solution found

In May, gasoline and diesel recorded maximums at gas stations as a result of significant increases in fuel prices. oil price on the international market. Crisis was established as part of Petrobras' pricing policy, which holds nearly 100% of Brazilian refining capacity and, since mid-2017, adjusts gasoline and diesel almost daily, according to international indicators such as the barrel and the dollar. Following truckers' demonstrations, the government launched a fossil fuel subsidy program in June.

To participate, producers and importers froze prices within the limits set by the government and will be reimbursed up to 30 cents real per liter depending on the market.

to reduce the price of diesel by 46 cents per liter, taking into account pre-strike figures

According to Oddone, subsidies for the first phase of the program would have to be paid in the first quarter of the year. By the end of the month [19659002] In the case of gasoline, Petrobras continues to readjust almost daily values ​​based on international indicators.

In an earlier statement, the president of Petrobras, Ivan Monteiro, said that he would participate in discussions with the ANP and would await the results of

In addition to the measures taken, the l & # 39; agency decided to inform the Cade (Administrative Council for Economic Defense) of the need to study the monopoly of refining in Brazil. , seeking to identify policy proposals that encourage the entry of new players into the segment and increase competition.

The agency will send the Ministries of Finance, Mines and Energy the contributions received regarding the adoption of tax mechanisms that will amortize fuel price adjustments.

Copyright Thomson Reuters 2018

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