December 28, 2018 / 11:14 AM / 25 days ago

Brazil's Petrobras adopts new pricing policy for diesel market

SAO PAULO, Dec 28 (Reuters) - Brazil’s Petroleo Brasileiro SA has approved measures that will give the state-run oil company greater flexibility in setting its diesel prices, the firm said in a filing on Friday.

While Petrobras, as the firm is known, did not explicitly call the plan a hedging programme, it said the move was similar to a measure taken in September, when the company introduced a hedging programme for gasoline.

Under the new measures, Petrobras said it will be able to keep diesel prices stable for up to seven-day periods, while varying the frequency of price adjustments during times of high volatility.

Reporting by Gram Slattery; Editing by Susan Fenton

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below