Petrobras – Review of the LPG price readjustment methodology for residential use

Rio de Janeiro, December 7, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that its Executive Group of Market and Prices (GEMP) has decided to review the methodology that has been applied to the price readjustments of  LPG for residential use, sold in cylinders of 13 kg.

The methodology to be defined will seek to mitigate the impacts derived from the transfer of international volatility to domestic prices and not perpetuate unfavorable seasonal effects, without losing sight of the need to practice prices for LPG referenced in the international market and the need to comply with applicable regulatory standards.

As soon as the metodology review is approved, it will be promptly disclosed to the market.

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