Petrobras – Estimated impact of diesel price reduction

Rio de Janeiro, May 24, 2018 – Petróleo Brasileiro S.A. – Petrobras clarifies, in addition to the Material Fact disclosed yesterday, that it estimates an impact of a reduction of revenue of around R$ 350 million, considering the 10% decrease in the price of diesel and the expectation of sales in the 15 days period.

The company is working to avoid reductions in cargo or, in extreme situations, stoppage of some of its refineries, either because of possible safety risks of its facilities or because of potential outflow limitations.

The Executive Board’s decision took into account the negative impacts of the strike to the population and company’s operations. The company reiterates that it is an exceptional measure and does not represent a change in its pricing policy

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