Petrobras Diesel Price Subvention Program: Sale price adjustment for the 4th period of the 3rd phase

Rio de Janeiro, October 29, 2018 – Petróleo Brasileiro SA – Petrobras, following up on the release disclosed on 09/28/18, informs that, due to the methodology determined in the National Petroleum Agency (ANP) Resolution nº 743, of 08/27/18, the average price of diesel established by the company in its refineries and terminals will be R$ 2.1228 per liter from 10/30/2018 to 11/28/18, which represents a reduction of 10.1% compared to the current average price.

The company will continue the economic analysis of the subvention program for the subsequent periods.

Facts deemed relevant on this issue will be timely disclosed to the market.

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