Brazil’s state-run oil company Petroleo Brasileiro SA is working to bring domestic diesel and gasoline prices into parity with international levels in order to attract downstream buyers or partners, a company executive said on Thursday.
Petrobras, as the company is known, is looking to sell assets as it battles to survive a combination of mounting debt, low oil prices and a giant corruption scandal.
The root of some of Petrobras’ financial issues lie in the gap between local and international fuel prices, which led it to rack up debts in recent years as it imported gasoline and diesel and sold them at a loss.
Brazil Energy Insight 
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