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Montevideo, October 3rd 2023 - 17:30 UTC

Tag: Petrobras diesel pricde

  • Saturday, December 29th 2018 - 07:44 UTC

    Petrobras announces hedging program for diesel prices

    Petrobras will be able to keep diesel prices stable for “short periods” of up to seven days, while varying the frequency of price adjustments during times of high volatility.

    Brazil’s Petrobras has approved a hedging program for diesel prices in a bid to boost pricing flexibility, the state-run oil firm said in a filing on Friday. While Petrobras did not detail how its diesel hedging program would be structured, it said the move was similar to a measure taken in September, when the company introduced a hedging program for gasoline.