Brazil natural gas distributors see Petrobras raising prices by some 20% in May

Petrobras could raise natural gas prices to distributors by about 20% starting in May, according to an Abegas executive director, citing a global rise in oil prices. The increase would raise distributor input costs and likely boost Petrobras gas revenue, while putting additional upward pressure on Brazilian energy inflation and distributor margins.

Analysis

Petrobras could raise natural gas prices to distributors by about 20% starting in May, according to an Abegas executive director, citing a global rise in oil prices. The increase would raise distributor input costs and likely boost Petrobras gas revenue, while putting additional upward pressure on Brazilian energy inflation and distributor margins.