Brazil's Petrobras reduces diesel and gasoline prices at refineries
1/27/2017 7:18:42 AM
SAO PAULO (Reuters) -- Brazil's state-run oil company Petroleo Brasileiro SA announced on Thursday it is reducing diesel and gasoline prices at refineries, reflecting the fall in international petroleum products prices and the appreciation of the local currency against the dollar.
In a statement, Petrobras, as the company is known, said diesel prices will be reduced 5.1% at refineries, and gasoline prices will fall 1.4%. This may result in a reduction of up to 2.6% in diesel prices and 0.4% in gasoline prices to consumers, the company said.
Reporting by Tatiana Bautzer; Editing by Chris Reese
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