Petrobras Raises Natural Gas Prices

Petroleo Brasileiro, Brazil’s state-controlled oil company, plans to raise natural gas prices inside Brazil for the first time in more than two years to adjust for an increase in import prices and production and transportation costs. The firm will increase prices of natural gas imported from Bolivia 13 percent as of September 1 and an additional 10 percent November 1. The company will also increase the price of natural gas produced in Brazil 6.5 percent as of September 1 and an additional 5 percent as of November 1.