[Petrobras announces new fuel pricing policy] Brazilian state oil company (Petrobras) approved a new pricing strategy for fuels such as gasoline and diesel sold by its refineries to replace the policy linked to oil prices on the international market (PPI), which has been implemented since 2016. According to an announcement issued by the company, the new pricing policy takes customer cost and the company's marginal value into the main considerations, but has not yet announced a new method of calculating fuel prices, nor has it explained to the public the weight of these factors in the pricing mechanism. The pricing strategy adjustment will continue for some time to "avoid factors such as international quotations and exchange rate fluctuations transmitted to domestic fuel prices," the announcement said. With the implementation of the new pricing policy, Petrobras "will flexibly adopt more competitive prices, make better use of existing production and logistics conditions and compete with other competitors for market share."