Brazil’s Petrobras cuts diesel prices to distributors By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 17 2025
0mins
Source: Investing.com
Petrobras Diesel Price Reduction: Brazilian oil company Petrobras will lower diesel prices by an average of 0.12 real ($0.0205) per liter due to falling crude prices and exchange rate changes, effective Friday.
Market Analysis: The decision was influenced by recent tariff announcements from the U.S. and discussions between government officials and Petrobras executives, although some analysts believe a larger reduction was possible.
Analyst Views on LCO
Wall Street analysts forecast LCO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LCO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 27.375
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Current: 27.375
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
