02:54 PM EDT, 07/08/2024 (MT Newswires) -- Petrobras (PBR) will increase gasoline prices by around 7% for distributors starting Tuesday, Reuters reported Monday, citing a company statement.

Gasoline price will increase by 0.20 reais ($0.037) per liter to an average of 3.01 reais per liter, Reuters reported. Liquefied petroleum gas prices will reportedly rise by 3.10 reais to 34.70 reais per 13-kg cylinder.

Petrobras did not immediately respond to MT Newswires' request for comment.

Petrobras shares rose 2% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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