Petrobras alters frequency of petroleum price readjustments

Petrobras approved the review of the periodicity of readjustments in diesel and gasoline prices at its refineries. From now on, the price adjustments will take place without defined periodicity, according to the market conditions and analysis of the external environment. According to Petrobras, with this brought into immediate effect, it will allow the company to reduce current diesel prices in line with international price variations in recent days.

According to the statement released by the company, the principles that guide the practice of competitive prices, such as import parity price (PPI), margins to remunerate the risks inherent to the operation, level of market participation and mechanisms of protection through derivatives are maintained.

Sale of mature land fields

More news on Petrobras is that the company reported it has begun the non-binding phase of the process to sell all its holdings in 27 mature land fields, located in Espírito Santo, known as Polo Cricaré.

At this stage of the project, stakeholders qualified in the previous phase will receive instructions on the divestment process, including guidelines for preparing and sending non-binding proposals, as well as access to a virtual data room containing more information about the region.

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