Petrobras confirms readjustment of 15% in fuel oil

RIO-Petrobras confirmed today, in response to a query from the Securities and Exchange Commission (CVM), which reduced in 15%, on 30 December, the price of fuel oil in its refineries produced and sold in the Brazilian market.
"The company does not consider this reset an event that requires the need for disclosure of material fact because it understands that the price adjustment of its dozens of products is part of current business. Generally speaking, the price of derivatives traded in Brazil by Petrobras tend to converge to purchasing long-term international and the unique impact of this increase in specific is not material to the results of the company ", says the statement issued today by Petrobras.
The State added that practice only disclose the adjustments in the prices of diesel and petrol, "products more relevant to the composition of its outcome".
The value for real-time service, Value, informed, on January 10, the 15% increase in fuel oil sold by Petrobras may bring a monthly gain of $ 67 million for the company, according to calculations of the Brazilian Center for infrastructure (CENTER).