Petrobras to review diesel, gasoline prices more frequently
6/30/2017 8:27:32 AM
SAO PAULO (Reuters) — Brazilian state-controlled oil company Petróleo Brasileiro SA on Friday announced it will review diesel and gasoline prices more frequently, potentially even on a daily basis.
In a securities filing, Petrobras, as the company is known, said diesel and gasoline price changes at refineries must not exceed 7%, unless a bigger adjustment is authorized by a group of senior executives.
"The pricing policy review will allow domestic prices to stick closer to international markets in the short-term and will allow the company to compete in a faster, more efficient manner," the filing said.
Reporting by Luciano Costa and Bruno Federowski; Writing by Bruno Federowski; Editing by Chizu Nomiyama
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