Sao Paulo — Brazilian state-run oil company Petrobras (PETR4.SA) said on Tuesday it will lower diesel and gasoline prices at its refineries starting Wednesday.
Average diesel prices will be cut by to 4.49 reais ($0.8578) per liter from 4.89 reais, while gasoline prices are going down to 3.08 reais/liter from 3.28 reais, according to a statement.
($1 = 5.2346 reais)
*Marta Nogueira & Gabriel Araujo; Editing: Steven Grattan – Reuters
This article was originally posted at sweetcrudereports.com