Weekly Report - 18 May 2023 (WR-23-20)

BRAZIL | Petrobras new pricing policy. Brazil’s state-controlled oil company Petrobras unveiled a new pricing policy for gasoline and diesel on 16 May, which would end its “obligatory subordination to import parity pricing,” which had obliged Petrobras to fix its domestic fuel pricing in accordance with prices determined by international markets and exchange rates.