Brazil’s state-controlled oil major, Petrobras $PETR3.SA, has confirmed a downward revision of gasoline prices for distributors starting June 3. The modified rate, as stated in the company announcement, will reflect a reduction of 5.6%, bringing the average figure down to 2.85 BRL (0.5005 USD) per liter. This adjustment corresponds to a decrease of 0.17 BRL per liter. The initiative forms part of Petrobras’s dynamic pricing policy and positions the firm to better respond to shifting market realities.

Recent data from the Italian National Institute of Statistics indicates an unexpected jump in inflation, now at 2.1% as of March 2025. This notable rise surpasses the European Central Bank’s 2% target for the first time in a year and a half. While analysts had estimated a rate around 1.8%, the actual results surprised many, highlighting the intensifying inflationary pressures in the nation.