Petrobras Cuts Wholesale Natural Gas Price to Distributors by 1.7% Effective Nov. 1

Overview

• Contracted quarterly pricing covers the November–January period for the molecule sold to distributors.
• Petrobras reported Brent up 2.18% while the real appreciated 3.83% against the dollar, yielding the average decrease under the formula.
• The molecule component supplied to distributors has fallen about 33% cumulatively since December 2022.
• The update does not apply to LPG used in cooking gas cylinders or bulk deliveries.
• Any pass-through to consumers, including piped gas and CNG, depends on transport costs, distributor portfolios and margins, taxes, and approvals by state regulators.