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Petrobras Announces 5% Increase to Diesel Price Effective Wednesday

Dow Jones Newswires -- Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR) said Tuesday it will raise the price of its diesel fuel by 5%, starting Wednesday.

The price increase will be made at the refinery and doesn't include the various taxes applied to the fuel, the company said.

The increase was carried out as part of the company's policy of trying to bring prices in line with those of the international market, Petrobras said.

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Submitted Mar 06, 2013 By: RENEGADEGAS

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Barry_1 Champion Author Ontario Posts:60,316 Points:3,107,120 Joined:Nov 2003	Message Posted: Mar 7, 2013 9:59:49 PM Ignore Barry_1 Report Abuse This will effect every one, if you think it won't just because, U' don't drive you would & are mistakin' you shop, you buy things, your getin' pinched!! the trucks that bring these good to the stores you shop at, will in turn pass on the 5% & then some to the stores, and then they, the Stores will give us the same increase & a little bite more & we the shoppers get SCREWED in the END again!!!
gravityhurts Champion Author North Carolina Posts:4,073 Points:933,505 Joined:Sep 2008	Message Posted: Mar 7, 2013 8:12:38 AM Ignore gravityhurts Report Abuse Old story
DrCashFlow Champion Author Massachusetts Posts:7,049 Points:1,623,100 Joined:Jun 2008	Message Posted: Mar 7, 2013 4:50:30 AM Ignore DrCashFlow Report Abuse in-line. right.
crreed1 Champion Author West Virginia Posts:1,965 Points:2,522,335 Joined:May 2005	Message Posted: Mar 7, 2013 1:24:19 AM Ignore crreed1 Report Abuse BS
Zonk Champion Author Michigan Posts:6,461 Points:2,098,015 Joined:Oct 2005	Message Posted: Mar 7, 2013 1:16:46 AM Ignore Zonk Report Abuse Any increase to truckers will be passed on to customers.
boatfloyd Champion Author Jacksonville Posts:1,698 Points:383,975 Joined:Mar 2012	Message Posted: Mar 7, 2013 1:12:30 AM Ignore boatfloyd Report Abuse Gas will go up 5% next.
txkrb Champion Author Texas Posts:1,551 Points:635,075 Joined:May 2011	Message Posted: Mar 7, 2013 1:12:03 AM Ignore txkrb Report Abuse To mat6149: diesel does not cost less to refine than gasoline, they are products of the same process Diesel costs more because supply and demand, you get half as much diesel from a barrel of oil as you do gasoline and while gasoline demand has dropped significantly diesel demand has not dropped near as much and its not a 20 cent increase pv2004 it is a 5% increase on the wholesale price prior to fuel taxes [Edited by: txkrb at 3/7/2013 12:12:55 AM EST]
obimerrill Champion Author Cincinnati Posts:1,420 Points:285,715 Joined:Jul 2012	Message Posted: Mar 7, 2013 1:11:20 AM Ignore obimerrill Report Abuse Ok...doesnt impact the US though
BobD2009 Champion Author Long Island Posts:6,969 Points:1,235,785 Joined:Apr 2009	Message Posted: Mar 7, 2013 1:10:53 AM Ignore BobD2009 Report Abuse George Soros needs the money.
BALRSTATUS Veteran Author Grand Rapids Posts:423 Points:87,925 Joined:Feb 2013	Message Posted: Mar 7, 2013 1:09:49 AM Ignore BALRSTATUS Report Abuse ok
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Mar 7, 2013 1:08:04 AM Ignore tedjm1 Report Abuse Profit......
Glock26 Champion Author Dayton Posts:1,509 Points:629,360 Joined:Mar 2011	Message Posted: Mar 7, 2013 1:05:45 AM Ignore Glock26 Report Abuse Screwing over the truck drivers again!!!
Rageagainsttm Champion Author Tampa Posts:8,283 Points:1,898,980 Joined:Jul 2007	Message Posted: Mar 7, 2013 1:05:39 AM Ignore Rageagainsttm Report Abuse On the rise again.
SteelPenny Champion Author Dallas Posts:30,907 Points:2,603,490 Joined:Sep 2005	Message Posted: Mar 7, 2013 1:05:36 AM Ignore SteelPenny Report Abuse Go for the home run - raise it 100%.
JasTheAce All-Star Author Raleigh Posts:950 Points:168,335 Joined:Nov 2012	Message Posted: Mar 7, 2013 1:03:45 AM Ignore JasTheAce Report Abuse great
pv2004 Veteran Author Connecticut Posts:391 Points:335,290 Joined:Jun 2004	Message Posted: Mar 7, 2013 1:02:00 AM Ignore pv2004 Report Abuse 20 cents
wcp3rd All-Star Author New Jersey Posts:714 Points:357,625 Joined:Mar 2012	Message Posted: Mar 7, 2013 1:00:01 AM Ignore wcp3rd Report Abuse ok
Holly123 Champion Author Charlotte Posts:3,182 Points:786,210 Joined:Dec 2010	Message Posted: Mar 7, 2013 12:59:06 AM Ignore Holly123 Report Abuse Ok
Math6149 All-Star Author Jacksonville Posts:873 Points:1,792,775 Joined:Jan 2007	Message Posted: Mar 7, 2013 12:56:08 AM Ignore Math6149 Report Abuse Diesel should cost less than gas since it cost less to refine.
clermont40miles Champion Author Cincinnati Posts:10,543 Points:1,767,935 Joined:Apr 2008	Message Posted: Mar 7, 2013 12:55:46 AM Ignore clermont40miles Report Abuse State run entities do what they are told. Coming to the USSA - state-run that is.
bvrbill Champion Author Eugene Posts:3,188 Points:513,875 Joined:Jul 2011	Message Posted: Mar 7, 2013 12:55:27 AM Ignore bvrbill Report Abuse We're not importing Brazilian diesel, are we?
grt197 All-Star Author Illinois Posts:552 Points:121,585 Joined:Jan 2013	Message Posted: Mar 7, 2013 12:54:46 AM Ignore grt197 Report Abuse not good
brprven All-Star Author Dallas Posts:629 Points:281,110 Joined:Jun 2012	Message Posted: Mar 7, 2013 12:52:56 AM Ignore brprven Report Abuse great so that will raise prices
DisMusBeDaPlaz Champion Author Tampa Posts:2,390 Points:563,420 Joined:Sep 2011	Message Posted: Mar 7, 2013 12:51:28 AM Ignore DisMusBeDaPlaz Report Abuse Petrobras??? That does not sound right!!
CCLighthouse All-Star Author Hartford Posts:983 Points:209,030 Joined:Aug 2012	Message Posted: Mar 7, 2013 12:49:15 AM Ignore CCLighthouse Report Abuse See what did I tell you!
prassu2012 All-Star Author Illinois Posts:656 Points:143,945 Joined:Dec 2012	Message Posted: Mar 7, 2013 12:48:02 AM Ignore prassu2012 Report Abuse again hike
tomok Champion Author Portland Posts:32,911 Points:2,341,510 Joined:Aug 2006	Message Posted: Mar 7, 2013 12:47:10 AM Ignore tomok Report Abuse Petrobras Announces 5% Increase to Diesel Price Effective Wednesday? Higher prices for diesel? Brazil can do what they want, no effect on US fuel prices. What about all that ethanol they produce from sugar cane? Drive vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. The price of fuel at the pump is too high!
southrob Champion Author Tucson Posts:3,585 Points:685,150 Joined:Mar 2011	Message Posted: Mar 7, 2013 12:46:39 AM Ignore southrob Report Abuse nice... thanks non domestic drilling federal gov't
Topless2012 Champion Author Twin Cities Posts:2,407 Points:476,090 Joined:Jan 2012	Message Posted: Mar 7, 2013 12:46:16 AM Ignore Topless2012 Report Abuse Buy natural gas.
txkrb Champion Author Texas Posts:1,551 Points:635,075 Joined:May 2011	Message Posted: Mar 7, 2013 12:45:11 AM Ignore txkrb Report Abuse There in Brazil not U.S.
happydaznVa Champion Author Virginia Beach Posts:43,860 Points:1,642,515 Joined:Mar 2008	Message Posted: Mar 7, 2013 12:43:42 AM Ignore happydaznVa Report Abuse Don't buy it, there are other stations that sell diesel
cwashi3324 Champion Author Cincinnati Posts:2,786 Points:570,265 Joined:May 2009	Message Posted: Mar 7, 2013 12:43:21 AM Ignore cwashi3324 Report Abuse And hitting us in the pcokets-again.
Ready Eddie Champion Author Twin Cities Posts:5,751 Points:1,338,770 Joined:Feb 2003	Message Posted: Mar 7, 2013 12:43:06 AM Ignore Ready Eddie Report Abuse Highway robbery
mrbee Champion Author Little Rock Posts:3,734 Points:2,461,680 Joined:Oct 2005	Message Posted: Mar 7, 2013 12:43:04 AM Ignore mrbee Report Abuse Not good
Is246 Champion Author Albuquerque Posts:1,005 Points:424,880 Joined:Apr 2011	Message Posted: Mar 7, 2013 12:42:02 AM Ignore Is246 Report Abuse NOt fair.
GigHarborHound Champion Author Tacoma Posts:2,512 Points:483,515 Joined:Sep 2011	Message Posted: Mar 7, 2013 12:40:37 AM Ignore GigHarborHound Report Abuse Well of course!!
HailstormCA Champion Author San Diego Posts:7,830 Points:1,467,045 Joined:Nov 2008	Message Posted: Mar 7, 2013 12:36:17 AM Ignore HailstormCA Report Abuse So?
WIWalt Champion Author Wisconsin Posts:1,707 Points:411,565 Joined:Mar 2012	Message Posted: Mar 7, 2013 12:34:39 AM Ignore WIWalt Report Abuse They are giving us a choice. PAY THE PRICE, ride a bike, or walk!
hank1326 Champion Author Los Angeles Posts:8,898 Points:1,730,035 Joined:Jun 2008	Message Posted: Mar 7, 2013 12:33:29 AM Ignore hank1326 Report Abuse Aweful for the economy and going to set everyone back.
ldiggy All-Star Author Wilmington Posts:755 Points:284,700 Joined:Apr 2012	Message Posted: Mar 7, 2013 12:30:44 AM Ignore ldiggy Report Abuse Here we go.
dasimon All-Star Author Florida Posts:556 Points:573,050 Joined:Mar 2011	Message Posted: Mar 7, 2013 12:27:17 AM Ignore dasimon Report Abuse Up up up and away
SavALot Champion Author Virginia Beach Posts:8,449 Points:1,707,460 Joined:Apr 2005	Message Posted: Mar 7, 2013 12:23:12 AM Ignore SavALot Report Abuse putting diesel buyers in a tough spot
chvytruk All-Star Author Kentucky Posts:770 Points:377,440 Joined:Sep 2006	Message Posted: Mar 7, 2013 12:22:54 AM Ignore chvytruk Report Abuse "Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR) said Tuesday it will raise the price of its diesel fuel by 5%, starting Wednesday." No doubt a celebratory salute to the demise of Hugo the Horrible.
snagged Veteran Author Akron Posts:396 Points:109,530 Joined:Oct 2012	Message Posted: Mar 7, 2013 12:17:17 AM Ignore snagged Report Abuse Raise there prices = they drive less. That means more oil for us?
ScottTee Champion Author Detroit Posts:4,366 Points:1,058,620 Joined:Mar 2010	Message Posted: Mar 7, 2013 12:17:07 AM Ignore ScottTee Report Abuse Up, up and away in my beautiful balloon
DEG Champion Author Las Vegas Posts:17,605 Points:3,491,680 Joined:Jul 2003	Message Posted: Mar 7, 2013 12:16:43 AM Ignore DEG Report Abuse Big Government being greedy.
Gas4Gore Champion Author Detroit Posts:2,394 Points:418,900 Joined:Jan 2010	Message Posted: Mar 7, 2013 12:16:18 AM Ignore Gas4Gore Report Abuse So do it.
pgerassi Champion Author Milwaukee Posts:10,876 Points:2,127,605 Joined:Apr 2007	Message Posted: Mar 7, 2013 12:16:00 AM Ignore pgerassi Report Abuse Typical.
papakoca All-Star Author Texas Posts:649 Points:526,185 Joined:Jun 2011	Message Posted: Mar 7, 2013 12:12:46 AM Ignore papakoca Report Abuse Wonder how long before the domino falls at this end?
CiVX Champion Author Oakland Posts:7,044 Points:1,356,035 Joined:Feb 2009	Message Posted: Mar 7, 2013 12:12:23 AM Ignore CiVX Report Abuse I don't miss my old F250 Diesel right now.