Brazil's state-controlled oil company has cut the price of diesel it sells to distributors by nearly a tenth, a move that could ease freight costs

Petrobras said it would apply a discount of R$0.3515 ($0.07) per litre to its sale price of road diesel from June 1, under the economic subsidy

Preço médio do diesel às distribuidoras cairá de R$ 3,65 para R$ 3,30. Com isso, a ajuda total do governo federal chegará a R$ 1,47 por litro do combustível. No GLP, subvenção…