Petrobras Cuts Fuel Prices at Refineries After Sharp Drop in Crude Oil

Petrobras refineries cut gasoline prices by 9.5 percent and diesel prices by 6.5 percent.

RIO DE JANEIRO, BRAZIL - Petrobras cut gasoline prices from its refineries by 9.5 percent and diesel prices by 6.5 percent after the sharp drop in crude oil prices worldwide.

The drop follows the sharp reduction in the commodity's price on the international market.

Petrobras (PETR3;PETR4) reported on Thursday, March 12th, that it has reduced the price of gasoline by 9.5 percent, or R$0.1600 a liter, and diesel by 6.5 percent, at R$0.1250 a liter in all markets. The drop follows the sharp reduction in the price of oil on the . . .

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