March 14, 2018 / 2:12 PM / 3 months ago

Brazil's Petrobras Distribuidora sees falling 2018 fuel imports

SAO PAULO, March 14 (Reuters) - Executives at Brazil’s fuel distribution company Petrobras Distribuidora SA on Wednesday forecast a drop in Brazilian fuel imports this year from 2017.

Speaking at conference call to discuss quarterly results, they cited falling margins, driven by aggressive pricing policy from state-run oil firm Petroleo Brasileiro, as a reason for a likely reduction of fuel imports. (Reporting by Marta Nogueira Writing by Ana Mano Editing by Chizu Nomiyama)

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