Pursuant to Rule 13a-16 or 15d-16 of the
20031-912 - Rio de Janeiro, RJ
Federative Republic of Brazil
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F _______
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No___X____
This report on Form 6-K is incorporated by reference in the Registration
Statement on Form F-3 of Petróleo Brasileiro -- Petrobras (No. 333-163665).
PETRÓLEO BRASILEIRO S.A. - PETROBRAS
Publicly Traded Company
MATERIAL FACT
Pricing Policy
Rio de Janeiro, November 29th, 2013 – Petróleo Brasileiro S.A. – Petrobras informs about the diesel and gasoline pricing policy, appreciated by its board of directors, that will be implemented from November 29th, 2013.
The referred policy aims at achieving the following principles and objectives:
a) Guarantee that indebtedness and leverage ratios return to within the limits established in the 2013 - 2017 Business and Management Plan in up to 24 months, considering the oil production growth and the application of this diesel and gasoline pricing policy;
b) Reach, in a compatible time period, the alignment between Brazilian and international prices;
c) Prevent transferring the volatility of international prices to the domestic consumer.
Already aligned with the principles of this pricing policy, Petrobras announces the following increases in prices at the refinery gate, with effect from November 30th, 2013.
|
Product |
Increase (*) |
|
Gasoline A |
4% |
|
Diesel |
8% |
(*) average Brazil
The price of diesel and gasoline to which these adjustments apply to do not include federal taxes (CIDE and PIS/Cofins) and state taxes (ICMS).
Following the recommendation of its board of directors, for commercial reasons, the parameters of the pricing methodology will be strictly internal to Petrobras.
It is a responsibility of the board of directors to evaluate the effectiveness of the pricing policy through the assessment of the evolution of indebtedness and leverage ratios.
Rio de Janeiro, November 29th, 2013.
Almir Guilherme Barbassa
Chief Financial and Investor Relations Officer
Petróleo Brasileiro S.A. – Petrobras
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PETRÓLEO BRASILEIRO S.A--PETROBRAS | ||
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By: |
/S/ Almir Guilherme Barbassa
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|
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Almir Guilherme Barbassa
Chief Financial Officer and Investor Relations Officer |
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This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (Exchange Act) that are not based on historical facts and are not assurances of future results. These forward-looking statements are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results o f operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
All forward-looking statements are expressly qualified in their entirety by this cautionary statement, and you should not place reliance on any forward-looking statement contained in this press release. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or future events or for any other reason.