Brazil: Petrobras reduces gasoline prices by US$0.04 in refineries

The readjustment will be applied as of Wednesday, July 20. The gasoline will go from R$4.06 (US$0.75) to R$3.86 (US$0.71) per liter in the refineries.

On Tuesday, July 19, Petrobras announced a reduction of R$0.20 (US$0.04) per liter in the price of gasoline, which will be sold at R$3.86 (US$0.71) to distributors.

The readjustment will be applied in refineries on Wednesday, July 20.

The state-run company estimates that its share of the final consumer price will drop 5%, from R$2.96 to R$2.81 per liter, on average. The calculation considers the mandatory 27% anhydrous ethanol content in regular gasoline.

According to Petrobras, the reduction "follows the evolution of international reference prices. With the . . .

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