Petrobras informs that yesterday Mr. José Alberto de Paula Torres Lima presented his resignation from the position as member of the company’s Board of Directors, for personal reasons.
Petrobras clarifies that on 5/23/18, its Executive Board (E.B.) held an emergency meeting to assess the effects and impacts for the Company, arising from the crisis situation in the country, due to the stoppage of truck drivers, which worsened rapidly over the course of that day, and which led to restrictions on the transportation of fuels, goods and merchandise in a large part of the states of the federation.
Petrobras, in addition to the Material Fact disclosed on May, 08 and May 10, 2018, informs that is paying today Interest on Capital (IOC), as defined in art. 9, sole paragraph of its Bylaws.
Petrobras would like to invite investors and analysts for today's conference call/webcast with CEO Pedro Parente, to discuss the Temporary Diesel Price Subvention Program. The conference call will be held in Portuguese with simultaneous translation to English:
Petrobras informs that the Federal Government announced yesterday a reduction in the price of road diesel of R$ 0.46 per liter, which will be achieved by reducing the tax burden and by the subvention to be paid by the Federal Government.
Petrobras, in relation to the news published in the press, informs that President Pedro Parente denies any intention to resign and remains in the position as CEO of the company.
Petrobras clarifies, in addition to the Material Fact disclosed yesterday, that it estimates an impact of a reduction of revenue of around R$ 350 million, considering the 10% decrease in the price of diesel and the expectation of sales in the 15 days period.
Petrobras would like to invite investors and analysts for the conference call/webcast, which will be held today, in English, with the CEO Pedro Parente, as follow:
Petrobras informs that its Executive Board, in a meeting held yesterday, decided to decrease by 10%, equivalent to R$ 0.2335 per liter, the average diesel price sold at its refineries. As a result, Petrobras average sale price in refineries and terminals without taxes will be R$ 2.1016 per liter as of today and will remain unchanged for 15 days.
Petrobras informs that, due to the constant pursuit for improvement of its corporate rules, it has made adjustments to the criteria for eligibility of the projects listed below.