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Brazil Regulator Approves Diesel Subsidy Payment to Petrobras

November 8, 2018

Brazilian oil regulator ANP said on Thursday it has approved a diesel subsidy payment to state-run oil company Petroleo Brasileiro SA of 1.04 billion reais ($277 million).

ANP also said in a statement that it had denied diesel subsidy payments to Petrobras' fuel distribution unit, Petrobras Distribuidora SA.

($1 = 3.76 reais)

(Reporting by Gram Slattery Editing by Leslie Adler)

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