Petrobras Clarifies about Pieces of News in the Media

Source: www.gulfoilandgas.com 11/1/2021, Location: South America

Petrobras, in relation to the pieces of news published in the media regarding expectations of new adjustments in fuel prices, clarifies that adjustments in product prices are made in the normal course of its business and follow its current commercial policies.

Petrobras reiterates its commitment to the practice of competitive prices and in balance with the market, while avoiding the immediate pass-through of external volatility and of the exchange rate caused by circumstantial events.

Petrobras continuously monitors the markets, which includes, among other procedures, the daily analysis of the behavior of our prices relative to international quotations. Petrobras does not anticipate readjustment decisions and reinforces that there is no decision taken by its Executive Group of Market and Prices (GEMP) that has not yet been announced to the market.


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