LatinNews Daily - 17 September 2019

* Brazil’s state-owned oil company Petrobras has announced that it will not make immediate adjustments to its petrol and diesel prices, but that it continues to monitor the international oil market amid the volatility caused by the recent attacks on oil refineries in Saudi Arabia, which cut the global daily oil output by 5% and led international oil prices to soar. Petrobras adopted an international price parity policy in 2016, allowing for monthly adjustments to its diesel and petrol prices in line with international market value. Although the international increase in oil prices is positive for the country’s 'pre-salt' oil production, it hurts consumers and risks causing discontent amongst lorry drivers in particular.

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