Tuesday, 19 November 2019

Petrobras (PETR3; PETR4) announces price adjustment for gasoline

According to site G1, Petrobras announced a 2.8% increase in fuel value. The increase comes after importers point out that the rise in international gasoline prices implies a lag, as one industry association said.

The Brazilian state-owned company increased by 2.8% the price in refineries on 11.18.2019.

With the adjustment of about 5 cents, the average price of gasoline should be around R$ 1.84 per liter, higher since the end of May (R$ 1.95), according to data from Petrobras compiled by Reuters.

No comments:

Post a Comment

Singapore Becomes the Gateway: Brazil’s Food Industry Expands Across Southeast Asia

The FHA – Food & Hospitality Asia 2026 fair in Singapore served as a platform through which Brazil's agribusiness sector establishe...