Petrobras raises gasoline prices for seventh consecutive time

In Brazil, Correio Braziliense reports Petrobras will increase gasoline prices at the refinery for the seventh consecutive time. The increase will be 3% while diesel will also be increased by 6%. The new prices will take effect on July 2. Before the new readjustment, gasoline prices were still 20% lower on the year, according to Petrobras. For diesel, this is the second consecutive increase. The previous one was 8% and was caused by the increase in the price of biodiesel in the last auctions.