Petrobras said on Thursday (01) that it will cut refinery gate gasoline prices by 7%, starting on Friday (2). The price of a liter of gasoline will go from BRL 3.53 to BRL 3.28. The move marks the fourth consecutive gasoline price reduction since mid-July when a cycle of low gasoline prices began due to lower global oil prices. Now the Brazilian state-run oil company takes prices at their lowest level since March.
Source: Reuters (*Translated by Ia Niani)