Friday, 27 September 2019

Petrobras (PETR3; PETR4) will no longer operate in gas distribution and transportation; Petrobras raises gasoline price by 2.5%

Petrobras' Board of Directors approved the update of the company's new strategic plan, valid for the period 2020 to 2024. Under the plan, Petrobras will no longer fully operate in gas distribution and transportation and will also exit the fertilizer, distribution and distribution business. LPG and biodiesel.

The state-owned company, with the implementation of the new strategy, will act competitively in the commercialization of its own gas and will fully exit gas distribution and transportation.

Petrobras President Roberto Castello Branco said the company will be engaged in deepwater oil exploration and production and will be less indebted.

Today (27.09.2019), Petrobras has again raised the price of gasoline in refineries. The new values practiced indicating a 2.5% readjustment compared to the value of the previous day.

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