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By Contributing Reporter

RIO DE JANEIRO, BRAZIL - Petrobras reduced this Saturday the price of petrol sold in its refineries by an average of 4.4 percent, excluding taxes.

The average fuel price is around R$1.9543 per liter, compared to R$2.0450 in effect since April 29th.

Diesel prices were not changed. While the US$ has risen in recent days in the country, fuel prices benefited from the drop in oil prices in the international market.

In May alone, the oil price dropped by 4.8 percent and was valued at $68.69 a barrel on Friday.

Petrobras . . .

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