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By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The state-owned oil giant of Brazil, Petrobras, announced on late on Wednesday (June 14th) a reduction of gasoline and diesel prices at its refineries. Gasoline prices will be reduced by 2.3 percent while diesel prices will decrease by 5.8 percent.

The company also noted that price adjustments, currently made once a month, would occur in shorter periods due to the volatilities observed in the international market . . .

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