Petrobras: Competitive Fuel-price Policy Vital to Cut Debt
Brazil's state-run oil company Petroleo Brasileiro SA said on Monday that having a competitive pricing policy for domestic gasoline and diesel was crucial to reducing the company's debt.
On a conference call with investors to discuss first quarter results, the company also said its fields outside the subsalt area had a decline rate of 10 percent.
(Reporting by Jeb Blount; Writing by Stephen Eisenhammer, Editing by Franklin Paul)
