Brazil's Petrobras says has not decided to adjust fuel prices
SAO PAULO Jan 8 (Reuters) - Brazil's state-run oil company Petroleo Brasileiro SA said on Thursday it had not decided to adjust local gasoline and diesel costs in the face of plunging prices abroad.
Industry sources said on Wednesday that Petrobras fuel prices faced little pressure from cheaper imports because of Brazil's limited storage and transport capacity and the dominance of Petrobras, as the company is known, in the local market.
"Petrobras' pricing policy is to not pass on the volatility of international prices to the domestic market, regardless of whether prices are rising or falling," the company said in a securities filing. (Reporting by Caroline Stauffer; Editing by Chizu Nomiyama)
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