Petrobras (PBR) , Brazil’s state-controlled oil company, has announced a significant increase in domestic gasoline prices for the first time in 11 months. As crude prices surge and the value of the nation's currency depreciates, the company is taking measures to adjust its pricing strategy. This move, effective immediately, will see gasoline prices for distributors rise by 7.1%, reaching 3.01 reals (55 cents) per liter. In addition, the prices for liquefied petroleum gas (“LPG”) used for cooking and heating ...