Petrobras says competitive fuel-price policy vital to cut debt
RIO DE JANEIRO May 18 (Reuters) - Brazil's state-run oil company Petroleo Brasileiro SA said on Monday that having a competitive pricing policy for domestic gasoline and diesel was crucial to reducing the company's debt.
On a conference call with investors to discuss first quarter results, the company also said its fields outside the subsalt area had a decline rate of 10 percent. (Reporting by Jeb Blount; Writing by Stephen Eisenhammer, Editing by Franklin Paul)
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