Petrobras cuts by 6.3 percent industrial LPG prices
RIO DE JANEIRO
Petroleumworld 01 22 2018
Brazilian state-controlled oil company Petroleo Brasileiro SA said on Friday it would cut liquefied petroleum gas (LPG) prices for industrial use by 6.3 percent following a similar cut for residential prices earlier this week.
The change, which will take effect on Saturday, is “necessary because of a fall in international prices, since demand during the European winter has been lower than the market expected,” Petrobras said.
On Thursday, Petrobras announced cuts to prices to distributors for LPG sold in cylinders up to 13 kg by 5 percent, after prices for the gas, used widely by Brazilians for cooking, jumped by nearly 70 percent since June.
Reporting by José Roberto Gomes from Reuters.
reuters.com 01 19 2017
We invite all our readers to share with us
their views and comments about this article.
Write to email@example.com
By using this link, you agree to allow PW
to publish your comments on our letters page.
Any question or suggestions,
please write to: firstname.lastname@example.org
Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels