The brand of Brazil’s state-run Petrobras oil firm is seen on a tank in at Petrobras Paulinia refinery in Paulinia, Brazil July 1, 2017. REUTERS/Paulo Whitaker
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SAO PAULO, April 29 (Reuters) – Brazil’s state-run oil firm Petrobras (PETR4.SA) stated on Friday it’s going to enhance natural prices for distributors within the nation by a mean 19% beginning May 1.
According to Petrobras, the adjustment follows the updating of formulation agreed with distributors, based mostly on the variation of gas prices, Brent oil and the alternate fee.
The quarterly replace of gas prices and the annual replace for transportation cut back short-term volatility and guarantee predictability and transparency, the state-owned firm stated in an announcement.
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Reporting by Letícia Fucuchima Writing by Carolina Pulice; Editing by David Gregorio
Our Standards: The Thomson Reuters Trust Principles.
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