Brazil Regulator Approves Diesel Subsidy Payment to Petrobras
Brazilian oil regulator ANP said on Thursday it has approved a diesel subsidy payment to state-run oil company Petroleo Brasileiro SA of 1.04 billion reais ($277 million).
ANP also said in a statement that it had denied diesel subsidy payments to Petrobras' fuel distribution unit, Petrobras Distribuidora SA.
($1 = 3.76 reais)
(Reporting by Gram Slattery Editing by Leslie Adler)