Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 79

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 79
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 pricing policies, preserving and prioritizing our financial results and seeking to maximize its value creation. Furthermore,      
the Guideline incorporates an additional layer of supervision over execution of the pricing policies by the Board of Directors and the         
Fiscal Council, based on the Executive Board’s quarterly report, formalizing an already existing practice.                                     

Annual Report and Form 20-F 2024 |
Diesel and Gasoline
 We have a commercial strategy in place since 2023 to define our diesel and gasoline prices, replacing the former pricing policy. The commercial strategy considers market references such as: (a) the customer’s alternative cost, as a value to be prioritized in pricing, and (b) our marginal value. The customer’s alternative cost refers to the cost of the main supply alternatives, whether the same or substitute products, and the marginal value is based on the opportunity cost given the various alternatives for the company, among them, production, imports and exports of the product and/or the oils used in refining. The commercial strategy is premised on competitive prices per sales hub, in balance with the national and international markets, taking into account the best alternative accessible to customers. This strategy allows us to compete more efficiently, taking into account our market share, optimize our refining assets, and to obtain profitability on a sustainable basis.
 Price readjustments are expected to continue to be made without a defined periodicity, avoiding the transfer to domestic prices of the cyclical volatility of international prices and of the exchange rate to domestic prices.
 The commercial strategy is aligned with the Guideline approved by the Board of Directors on July 27, 2022.
 During 2024, we announced adjustments to selling prices at refineries, resulting in a price increase of 7.1% for gasoline, when comparing prices in place on December 31, 2024 with those effective as of December 31, 2023. And there was no price adjustment for diesel in 2024.
 
LPG
 LPG prices in the Brazilian market are defined taking into account the balance with the international prices and the level of market share, in the residential and industrial/commercial LPG segments. According to our pricing policy, price adjustments are made without defined periodicity, according to market conditions and analysis of internal and external environments.
 During 2024, we announced adjustments to selling prices at refineries, resulting in price increases of 9.8% for LPG, when comparing prices in place on December 31, 2024 with those effective as of December