Petrobas (PBR) expects further losses from gasoline this year as a domestic refining shortfall...

|By:, SA News Editor

Petrobas (PBR) expects further losses from gasoline this year as a domestic refining shortfall means the country has to import fuel at the world price and sell it at the lower, government-mandated local price. Of particular interest, the company says the growth in Brazilian fuel consumption now outpaces economic growth. Lower-than-market prices tends to cause these things.