Clipping of news on Brazilian Culture, Law and Citizenship
30/10/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
CFO of the State asserts that there is no set date, but the gap with the international price should favor high price in the medium term
SAO PAULO - Petrobras (PETR3, PETR4) revealed in a conference call with journalists held on Monday (29) that, looking at the price gap currently existing in the country with international, there is the expectation that the price of fuel aligns with the international price in the short term.
The chief financial officer of the state, Almir Barbassa, said this adjustment depends on the expected price abroad, and that the station exit high consumption in the United States is a factor that reduces this lag. However, he said, the exchange rate and other consumer expectations still favor the price increase.
"We have no pre-set date, but we expect that our firm prices align with internaciopnal price in the medium term," says the director.
Source: MSN News
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This article was translated by an automatic translation system, and was therefore not reviewed by people.