Brazil’s Petrobras cuts diesel, gasoline prices

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

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