Inventories

12 Months Ended

Dec. 31, 2023

The breakdown of inventories, net of provision for losses, is shown below:

	12/31/2023	12/31/2022
Fuels, lubricants, and greases	3,367,094	3,782,522
Raw materials	282,197	380,993
Liquified petroleum gas - LPG	112,100	143,516
Consumable materials and other items for resale	121,537	125,239
Purchase for future delivery ⁽¹⁾	386,281	453,817
Properties for resale	22,222	19,996
	4,291,431	4,906,083

⁽¹⁾Refers substantially to ethanol, biodiesel, and advances for fuel acquisition.

Movements in the provision for losses are as follows:

Balance as of December 31, 2020	40,993
Addition to provision for adjustment to realizable value	5,974
Reversal of provision for obsolescence and other losses	(5,184	)
Reclassification to assets held for sale	(28,705	)
Balance as of December 31, 2021	13,078
Addition to provision for adjustment to realizable value	10,028
Reversal of provision for obsolescence and other losses	(1,180	)
Balance as of December 31, 2022	21,926
Reversal of provision for obsolescence and other losses	(8,301	)
Reversal of provision for adjustment to realizable value	(6,594	)
Balance as of December 31, 2023	7,031