The company had a business plan to meet 80% of domestic demand within five years but is now considering making Brazil 100% self-sufficient in diesel over the same period. Prices have surged due to the war in the Middle East.
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Global oil prices are rising due to the conflict in Iran.
The Brazilian company saw a decline in oil production in the third quarter but posted a record high in the share of pre-salt oil in refineries and an increase in the production of oil products. In September, it achieved the best monthly result for the utilization factor of its refining capacity.
The oil company posted several record numbers last year, including pre-salt production. The company has also increased its gasoline, diesel and jet kerosene sales.
Brazilian state-owned company announced a 3% reduction in diesel and gas prices, but the change might take a while to reach the consumer.
