Friday, April 16, 2021

Petrobras adjusts natural gas price by 39% as of May

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The increase in value is due to the application of formulas for supply contracts, “which link the price to oil prices and the exchange rate” and provide for quarterly adjustments

A Petrobras reported that its selling prices for natural gas for distributors, they will increase by 39% as of May 1, compared to the last quarter.

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The increase in the value in reais per cubic meter is due to the application of formulas in supply contracts, “which link the price to the price of oil and the exchange rate” and provide for quarterly readjustments, the state-owned company said in a statement to the market on Monday. -market.

If the gas value in dollars per million Btu is considered, the increase would be 32%, the company added.

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palheta smll Petrobras adjusts natural gas price by 39% as of May

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