Petrobras to revise pricing policy for LPG after price spike
RIO DE JANEIRO
Petroleumworld 12 08 2017
Brazil's state-controlled oil company Petróleo Brasileiro SA will review its pricing policy for liquefied petroleum gas (LPG), after a 70 percent price spike since June for the fuel which is widely used by Brazilians for cooking.
In a statement on Thursday, Petrobras, as the company is known, said it will review the policy, which currently follows international prices, since “reference markets in Europe have been highly volatile because of winter.”
Petrobras said the 8.9 percent price rise announced this week was the last under the current scheme but did not elaborate on plans for the new policy.
Reporting by Tatiana Bautzer; Editing by Meredith Mazzilli from Reuters.
reuters.com 12 07 2017
We invite all our readers to share with us
their views and comments about this article.
Write to firstname.lastname@example.org
By using this link, you agree to allow PW
to publish your comments on our letters page.
Any question or suggestions,
please write to: email@example.com
Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels