By Brazil Stock Guide – Petrobras CEO Magda Chambriard said the company is still evaluating whether to reduce gasoline prices following a recent drop in international oil benchmarks and adjustments already made to other fuels.
The Brazilian state-controlled oil producer (PETR4.SA; PBR) has recently lowered diesel and jet fuel prices in response to weaker crude oil quotations, while gasoline pricing remains under review.
“We are looking at all of this very carefully and professionally because we want to serve society by offering products that fit within consumers’ budgets, while also ensuring Petrobras’ market position,” Chambriard said.
She added that fuel pricing continues to track international trends, but without fully passing through volatility to domestic consumers. “All of our fuels follow international price trends, but without importing volatility or anxiety,” she said.
On investments, Chambriard said Petrobras maintains strict capital discipline and will not proceed with projects that fail to meet return thresholds.
“We will not undertake any uneconomic project. All projects go through our portfolio screening, compete with one another, and must meet the company’s required attractiveness,” she said, adding that the focus remains balancing returns for both public and private shareholders.
The company continues to monitor global oil markets before making any further pricing decisions.