Petrobras Reports On Adjustment Of Sale Prices

(Petrobras, 28.Sep.2018) — Petrobras, following up on the releases disclosed on Aug. 7, 2018 and Aug. 31, 2018, informs that, due to the methodology established in the National Petroleum Agency (ANP) Resolution no. 743 of Aug. 27, 2018, the average price of diesel will be R$ 2.3606 per liter as of Sep. 30, 2018, which represents a 2.8% adjustment.

The value corresponds to the arithmetic average of road diesel prices free of taxes charged by Petrobras at its refineries and terminals in the Brazilian territory for the 3rd period of the 3rd phase of the Diesel Economic Subvention Program (Sep. 30, 2018 to Oct. 29, 2018).

This new period in the Program provides for adjustment in regional average prices and maintains the condition that the subsidy will be paid against proof that the prices charged by qualified companies are lower than the sale prices defined by ANP for the five regions (South, Southeast, Mid-West, North without Tocantins and Northeast with Tocantins).

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

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