Brazil’s Petrobras to slash diesel prices 4.5% effective March 23

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Brazilian state-owned oil company Petrobras slashed diesel prices at the refinery gate by 4.5%, effective March 23, in the latest move to reduce fuel prices in Latin America’s largest economy, the company said March 22. Wholesale diesel prices will fall to 72.87 cents/liter, down from 76.28 cents/l, Petrobras said in a statement. Petrobras last adjusted diesel prices on Feb. 28,…