Were you enjoying seeing the slow but consistent drop in fuel prices, more on the diesel side than on the gasoline side? Well, by all indications, this trend already has an announced end, thanks to a new very significant cut in production.
Things will shake up again from May onwards. Is ready?
Fuels: Prices will rise again!
So, very briefly, Saudi Arabia, together with other major oil exporters, decided to cut production by 1.15 million barrels per day.
This cut will be implemented from May, and should be present until at least the end of 2023. A move designed to limit the world stock, and thus raise (even more) prices.
In reality, this cut is not very significant compared to the 100 million barrels that the market uses per day (~1%). In fact, the cut may not even be felt in the refining and distribution lines. However, the impact on prices can be significant, with some analysts pointing to differences of 20 cents in the finished product, all due to the fragility of the market, and of course, the fragility of political relations between the various countries, more specifically the United States and to Saudi Arabia. Interestingly, it is a cut strategically aimed at the summer season, when people travel the most, and therefore, there is a greater demand for fossil fuels.
Meanwhile, despite the fact that the price of a barrel of oil has dropped significantly, the prices of refined products remain strange, especially in the case of Gasolina 95 Simples, which, compared to Gasóleo Simples, costs an average of 23 cents more.