This is the first time the period used internally by Petrobras to calculate price fluctuation has been made public since 2019.
RIO DE JANEIRO: Brazil’s state-controlled oil company, Petrobras, has expanded to one year from three months the period for which it calculates the international price parity of the fuels it sells, the producer confirmed in a statement after a report by Reuters.
The change, which applies to both diesel and gasoline, avoids transferring international price volatility to local gas pump prices.
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