Petrobras cuts gasoline prices by 5.6% due to declining oil prices

From Yahoo Finance: 2025-06-24 13:06:00

Petróleo Brasileiro – Petrobras (NYSE:PBR) lowers gasoline prices by 5.6% as oil prices decline, Citi maintains Neutral rating with $12.50 price target. Domestic gasoline prices currently 2% higher than international parity, expected to drop further. Price cut may impact Petrobras’s revenue and EBITDA by $690 million annually, affecting fuel distribution industry. Petrobras is a Brazilian energy company involved in exploration, production, refining, and marketing of oil and gas. While PBR shows investment potential, AI stocks may offer greater upside with less risk. For more stock insights, check out 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds. No disclosures.



Read more at Yahoo Finance: Petrobras Cuts Gasoline Prices Amid Oil Decline, Citi Maintains Neutral Rating