Petrobras, world fuel price gap smallest since late 2013 -study
RIO DE JANEIRO Aug 21 (Reuters) - The gap between gasoline and diesel sold by state-run oil company Petrobras in Brazil compared with fuel prices abroad should be the smallest this month since late last year, according to a study published on Thursday.
Brazil controls the prices of fuel sold on the domestic market to help manage inflation. A smaller difference with higher global market prices means that Petroleo Brasileiro SA, as the company is formally known, loses less money on fuel imports.
The difference between gasoline sold in Brazil compared with that refined in the United States should be 11 percent in August, below 13 percent in July and 18 percent in June, according to a study by local consulting firm GO Associados.
That would be the lowest registered by the consultancy since November 2013, when Brazil last raised wholesale gasoline prices - by 4 percent. Diesel prices should be 4 percent less than international prices, according to GO. (Reporting by Marta Nogueira; Writing by Caroline Stauffer; Editing by Jan Paschal)
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