Petrobras Cuts Gasoline and Diesel Refinery Prices by 12 and 7.5 Percent

The readjustment comes in the wake of sharp declines in oil prices since last week.

RIO DE JANEIRO, BRAZIL - Petrobras (PETR3; PETR4) reported that as of Thursday, March 19th, it will reduce the price of gasoline at its refineries by 12 percent, after announcing last week a 9.5 percent drop in fuel. Diesel prices will drop by 7.5 percent, versus the 6.5 percent reduction . . .

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