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Brazil’s Petrobras to cut natural gas prices by 11.1%

Brazil's Petrobras to cut natural gas prices by 11.1%
© Reuters. FILE PHOTO: A man walks past the headquarters of Brazilian oil company Petrobras in Rio de Janeiro, Brazil, September 10, 2020. REUTERS/Ricardo Moraes/File Photo

 

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SAO PAULO (Reuters) – Brazilian state-run oil company Petrobras will cut natural gas prices by an average 11.1% starting Feb. 1, it said on Tuesday on its website.

Petroleo Brasileiro SA, as the company is formally known, updates natural gas prices on a quarterly basis, pegging them to international oil prices and foreign exchange rates.

Source: Investing.com

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