Petrobras raises diesel price, offsets increase with new Brazil subsidy

Brazil's Petrobras will raise diesel prices charged to distributors by an average of 1 real ($0.1941) per liter effective Thursday, while also offering an equivalent 1-real-per-liter discount. The announcement signals a material adjustment in the state-run oil firm's diesel pricing, though the net effect on distributor costs is unclear from the reported details.