Petrobras cuts gasoline prices in Brazil by 5% today

Petrobras announced Tuesday a 4.93% reduction in the price of gasoline at its refineries. The percentage corresponds to a decrease of 20 cents in the price per liter and will take effect from today (20).

With the reduction, the value will be the same as in May this year.

The justification, published on the company's website, states that the reduction follows "the evolution of international reference prices, which have stabilized at a lower level for gasoline.

This is in line with Petrobras' pricing practice, which aims to align its prices with the world market, but without transferring the . . .

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