Petrobras will increase diesel and gasoline prices with effect from November 7, 2014.

The following increases at the refinery gate will take effect at midnight on November 7, 2014:

Product           Increase (*)

Gasoline A           3%

Diesel                 5%

(*) Brasil Average 

The prices of gasoline and diesel to which these readjustments apply do not include federal taxes (CIDE and PIS/Cofins) and state taxes (ICMS).