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Montevideo, October 19th 2017 - 21:45 UTC

Petrobras cuts gasoline prices to regain market share lost to imports

Tuesday, August 8th 2017 - 17:28 UTC
Full article 5 comments

Brazil's Petrobras has reduced prices for the gasoline it sells in Brazil to below parity with the fuel imported from the United States, reducing profit margins to regain market share. The company has sharply reduced the price gap between the value of gasoline sold at its refineries and the spot price in the U.S. Gulf of Mexico since early July, when it announced changes to its pricing to adopt almost daily adjustments, according to fuel market experts. Read full article

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