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Petrobras to review diesel, gasoline prices more frequently


SAO PAULO
Petroleumworld 07 03 2017

Brazilian state-controlled oil company Petróleo Brasileiro SA on Friday announced it will review diesel and gasoline prices more frequently, potentially even on a daily basis.

In a securities filing, Petrobras, as the company is known, said diesel and gasoline price changes at refineries must not exceed 7 percent, unless a bigger adjustment is authorized by a group of senior executives.

"The pricing policy review will allow domestic prices to stick closer to international markets in the short-term and will allow the company to compete in a faster, more efficient manner," the filing said.


Reporting by Luciano Costa and Bruno Federowski; Writing by Bruno Federowski; Editing by Chizu Nomiyama from Reuters.

reuters
.com
06 30 2017

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