State-controlled Brazilian oil company Petroleo Brasileiro SA is considering lowering wholesalegasoline and diesel prices by year-end, which would be the first time since September 2015, O Globo newspaper said on Wednesday.
Citing sources close to management, the paper said the company may cut prices of fuels at its refineries to match those of international competitors.
In a news conference on Tuesday, Chief Executive Officer Pedro Parente said the company would not need government approval for a price adjustment, a change from the policy under impeached President Dilma Rousseff.
Brazil Energy Insight 
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