Global diesel price surge widens Petrobras pricing gap
A larger pricing differential may affect Brazilian diesel import timing and near-term supply dynamics tied to Petrobras’ pricing.
A fresh rally in international diesel prices has widened the gap between global prices and Brazil state-owned oil company Petrobras BMFBOVESPA:PETR3 to record levels, industry executives told Reuters, prompting independent importers to delay purchases. According to the fuel…