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RIO DE JANEIRO (Reuters) -Petroleo Brasileiro SA will leave its fuel pricing policy unchanged, the company’s new trading chief said on Friday, which in practice gives the company significant flexibility to avoid international market volatility when it sets prices.
FILE PHOTO: A logo of Brazil's state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo
In 2020, Petrobras, as the Rio de Janeiro-based firm is known, extended from three months to one year the period for which it calculates the international price parity of the fuels it sells.