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 . . .