Petrobras CEO says fuel imports rising; awaits price increase-Globo

domingo 23 de diciembre de 2012 19:12 CET

* CEO expects gasoline to rise about 6 pct by 2016

* Petrobras plan sees 4 pct diesel increase by 2016

* December gasoline imports rose 56 pct vs November

RIO DE JANEIRO, Dec 23 (Reuters) - Gasoline imports by Brazil's state-led oil company Petrobras surged 56 percent in December and will continue rising in 2013, Chief Executive Maria das Graças Foster said in an interview published by the Globo newspaper on Sunday.

While Brazilian Finance Minister and Petrobras Board Chairman Guido Mantega has promised higher fuel prices in 2013, no date for a rise has been set, and Petrobras may not receive its full, planned increases in gasoline and diesel until 2016, Foster told Globo.

Despite getting approval for its first wholesale fuel-price increase in six years in June, Petrobras still sells fuel at below world-market prices. As a result, every barrel of imports adds to the more than $8 billion of losses already accumulated this year by the company's refining and supply unit.

"Our (2012-2016) business plan was based on getting a 15 percent increase for gasoline and diesel in this period," she told the paper.

Because of a 3.94 percent increase in diesel and 7.83 percent rise in gasoline in June and another 6 percent diesel increase in July, Petrobras "now has a difference of about 4 percent in diesel and 6 percent in gasoline," compared with the 2012-2016 plan, she added.

"I'm not saying that this is the increase," Foster told Globo. "This is the value that could be given in one step or in stages (until 2016). There is no date or hour set for this to be given."   Continuación...