Brazilian state-run oil firm Petrobras announced it will reduce gasoline prices to distributors, marking the first price cut for the fuel since October 2023. The reduction is effective from Tuesday.
This decision impacts Petrobras's revenue from its downstream operations, as it lowers the per-liter selling price of gasoline. It reflects the company's ongoing adjustments to market conditions, including international crude oil prices and exchange rates.
The price cut is a notable event for consumers and the broader economy, potentially easing inflationary pressures. It also demonstrates Petrobras's responsiveness to market dynamics and its role in the domestic fuel supply chain.
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