Brazil's Petrobras Says Will Raise Gasoline Prices By 0.41 Real To 2.93 Reais/Liter Starting Wednesday; Will Raise Diesel Prices By 0.78 Real To 3.80 Reais/Liter
Portfolio Pulse from Benzinga Newsdesk
Brazil's state-run oil company Petrobras has announced that it will increase gasoline prices by 0.41 real to 2.93 reais per liter and diesel prices by 0.78 real to 3.80 reais per liter starting Wednesday.
August 15, 2023 | 12:08 pm
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POSITIVE IMPACT
Petrobras' decision to raise gasoline and diesel prices may impact its revenue and profitability in the short term.
Petrobras' decision to raise gasoline and diesel prices could lead to increased revenues for the company, assuming demand remains stable. This could potentially boost the company's profitability and have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100