Inventories (Tables)

12 Months Ended

Dec. 31, 2022

Inventories

Schedule of inventories

	2022	2021
Crude oil (1)	5,971,109	3,305,965
Fuels and petrochemicals (2)	3,241,154	2,845,486
Materials for goods production	2,667,771	2,246,761
	11,880,034	8,398,212

(1) The variation is mainly due to a higher level of inventories in transit and connected for delivery in January 2023, and recovery of indicators (Brent reference).

(2) The variation is mainly due to the receipt of fuel imports to accomplish with the national demand for fuels.

Schedule of changes of the allowances for losses

	2022	2021	2020
Opening balance	(127,662)	(109,549)	(131,526)
Additions	(18,236)	(58,437)	(9,748)
Increase due to business combination	—	(2,837)	—
Foreign currency translation	(3,591)	(1,449)	(122)
Effect of change of control in subsidiaries	—	—	20,075
Other (1)	20,692	44,610	11,772
Closing balance	(128,797)	(127,662)	(109,549)

(1) It mainly includes uses.