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Brazil’s Petrobras Announces 4.84 Percent Increase in Diesel Fuel Prices

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Petrobras CEO Roberto Castello Branco announced an increase of R$0.10 per liter of diesel at refineries. The 4.84 percent increase is lower than the 5.7 percent the company announced and then suspended last week.

According to Castello Branco, the company's pricing policy will continue to follow the variation of the diesel fuel in the international market. "We continue to strictly . . .

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