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Petrobras announces new diesel price cut in Brazil

Brazilian state-owned oil company Petrobras, the largest in Latin America, announced today a new diesel price cut, continuing the government's policy of reducing fuel prices, thanks to which inflation fell by 0.68% in July.

Petrobras said that a liter of diesel will be sold to distributors at a price of 5.41 reais (US$$1.1) starting this Friday, a decrease of 4.07%.

This is the second decline in the price of diesel since President Jair Bolsonaro chose Caio Paes de Andrade as the new head of Petrobras.

Paes de Andrade took over from José Mauro . . .

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