Petrobras cuts cost of cooking gas in Brazil by 5.6%

Cooking gas cylinders are seen at a distributor center in Brasilia, Brazil, March 14, 2022. (Adriano Machado/Reuters)

Reporting by Gabriel Araujo, Reuters

SAO PAULO
EnergiesNet.com 04 12 2022

Brazilian state-run oil company Petrobras (PETR4.SA) said on Friday it will cut liquefied petroleum gas (LPG) prices by about 5.6% at the refinery gate starting Saturday.

Petroleo Brasileiro SA, as the company is formally known, said in a statement that its price for LPG, used as cooking gas, will fall to 4.23 reais ($0.8942) per kilogram from 4.48 reais per kilogram previously.

($1 = 4.7306 reais)

Reporting by Gabriel Araujo; Editing by Brad Haynes.

reuters.com 04 08 2022

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