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BRAZIL: Valor Report Petrobras Considering Fuel Price Reduction

BRAZIL
  • Further info on the above: Petrobras is considering reducing fuel prices in the coming days, in order to bring prices more in line with international prices, which are lower than the company's, say two sources familiar with the matter.
  • The calculations are already being made, and the idea is that the measure will have an effect on inflation calculated by the IPCA this year. When asked to comment, the company said it does not anticipate decisions regarding price changes. (Valor)
  • The talks are said to be about now reducing gasoline prices by between 5% and 7% and diesel prices by between 7% and 10%.
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  • Further info on the above: Petrobras is considering reducing fuel prices in the coming days, in order to bring prices more in line with international prices, which are lower than the company's, say two sources familiar with the matter.
  • The calculations are already being made, and the idea is that the measure will have an effect on inflation calculated by the IPCA this year. When asked to comment, the company said it does not anticipate decisions regarding price changes. (Valor)
  • The talks are said to be about now reducing gasoline prices by between 5% and 7% and diesel prices by between 7% and 10%.