Brazil's Petrobras to cut natural gas prices by 11.1% - Reuters

Reuters | Jan. 10, 2023, 6:57 a.m. | Original

SAO PAULO, Jan 10 (Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) will cut natural gas prices by an average 11.1% starting Feb. 1, it said on Tuesday on its website.

Petroleo Brasileiro SA, as the company is formally known, updates natural gas prices on a quarterly basis, pegging them to international oil prices and foreign exchange rates.

Reporting by Gabriel Araujo; Editing by Steven Grattan

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