Petrobras – Investor Relations

Petrobras

Investor Relations

Increase in Gasoline and Diesel Prices

(Rio de Janeiro, September 09, 2005). – PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA], a Brazilian international energy company, is notifying its customers today that it is increasing the price of its products as of midnight tonight according to the following table (increases in invoice prices ex-refineries, not including ICMS - average for Brazil).


 

Increase:
 
 with CIDE and PIS/Cofins
Gasoline................... 10.0 %
 
Diesel.......................
 
12.0 %
 

 


The ex-refinery prices of gasoline and diesel include Petrobras’ realization prices plus federal and state taxes. These price adjustments were calculated by the Company taking into account the new levels of the price of oil.

They incorporate medium and long-term perspectives and are in accordance with the specifications defined in the Strategic Plan to maintain parameters with the price of oil products in the international market.

It is with the income received from the sale of our products that Petrobras is able to achieve its investment program, consequently discovering more oil and gas, constructing  and operatingindustrial plants and developing transportation and logistics network that guarantees the domestic supply of oil products and the returns for its stockholders.

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