Petrobras says it raised fuel oil price by 15% last December

|About: Petrobras - Petroleo Brasil... (PBR)|By:, SA News Editor

Petrobras (PBR) confirms it raised the price of fuel oil by 15% on Dec. 30, 2013.

PBR says it didn't inform markets of the price increase at the time because it doesn't consider it to be a relevant fact; the company only announces changes to the price of gasoline and diesel fuel because they are more relevant to earnings results.

PBR also says its proven reserves rose 0.8% to 16.6B boe at year-end of 2013.