Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No___X____
Petrobras announces increase in product prices
Increases: | without CIDE and PIS/Cofins | with CIDE and PIS/Cofins |
Gasoline | 10.8 % | 6.1 % |
Diesel | 10.6 % | 8.2 % |
During the last two months, reflecting the situation of uncertainty in supplies from the Middle East, the continued increase in China’s oil consumption, the impacts of financial movements on the oil futures market and the increased demand for oil by the US economy, the prices of oil on the international market have significantly increased in relation to those practiced in May of 2003.
With this increase, gasoline and diesel prices at the Petrobras refineries have returned to the nominal values that were in effect during the entire first quarter of last year and up to April 30, 2003.
http: //www.petrobras.com.br/ri/english
Petróleo Brasileiro S.A – PETROBRAS
Investor
Relations Department
Raul Adalberto de Campos– Executive
Manager
E-mail: petroinvest@petrobras.com.br
Av.
República do Chile, 65 - 4th floor
20031-912 – Rio
de Janeiro, RJ
(55-21) 2534-1510 / 2534-9947
PETRÓLEO BRASILEIRO
S.A--PETROBRAS | ||
By: |
/S/ José Sergio Gabrielli de Azevedo
| |
José Sergio Gabrielli de Azevedo
Chief Financial
Officer and Investor Relations Director
|
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