Petrobras Announces Gasoline Price Cut for Distributors [Yahoo! Finance]
Petroleo Brasileiro S.A. Petrobras American Depositary Shares representing Preferred Shares (PBR.A)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
Company Research
Source: Yahoo! Finance
October 2023 Effective Tuesday, gasoline is sold at 2.85 reais per liter (approximately $0.5005), a drop of 0.17 reais, according to a statement released by the company. The action marks a dramatic change in Petrobras' domestic pricing strategy in the face of rising fuel demand and expanding international ventures. Petrobras' price cut comes on the heels of increased gasoline consumption in Brazil. According to data from Brazil's National Petroleum Agency, distributors sold 3.81 billion liters of gasoline in April 2025, representing a 4.6% increase from the previous year. By the end of April, a total of 14.74 billion liters had been sold year to date, reflecting a 3.5% rise from the same timeframe in 2024. This rebound in demand follows a sluggish performance in 2023 when sales dropped below expectations. The current uptick suggests a recovery in consumer mobility and transportation activity, creating favorable conditions for Petrobras to adjust pricing without significantly impac
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