Brazil's Petrobras to cut LPG prices by nearly 10% [Reuters]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
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Source: Reuters
RIO DE JANEIRO, Dec 7 (Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) said on Wednesday it will cut liquefied petroleum gas (LPG) prices for distributors by an average 9.8% starting Thursday. According to a statement, the firm's LPG prices will drop to 3.2337 reais ($0.62) per kilogram from 3.5837 reais/kg. Petroleo Brasileiro SA, as the company is formally known, had already announced on Tuesday it was cutting diesel and gasoline prices at its refineries. ($1 = 5.2115 reais) Reporting by Marta Nogueira
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