UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of May, 2023
Commission File Number 1-15106
PETRÓLEO BRASILEIRO S.A. – PETROBRAS
(Exact name of registrant as specified in its charter)
Brazilian Petroleum Corporation – PETROBRAS
(Translation of Registrant's name into English)
Avenida Henrique Valadares, 28 – 19th floor
20231-030 – Rio de Janeiro, RJ
Federative Republic of Brazil
(Address of principal executive office)
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____

Petrobras on commercial strategy for diesel and
gasoline
—
Rio de Janeiro, May 16, 2023 - Petróleo Brasileiro S.A. – Petrobras
informs that its Executive Board approved yesterday, May 15, 2023,
the commercial strategy to define Petrobras' diesel and gasoline
prices, replacing the pricing policy for gasoline and diesel
commercialized by its refineries.
The commercial strategy uses market references such as: (a) the
customer's alternative cost, as the value to be prioritized in
pricing, and (b) the marginal value for Petrobras. The customer's
alternative cost considers the main supply alternatives, whether
suppliers of the same or substitute products, while the marginal
value for Petrobras is based on the opportunity cost given the
various alternatives for the company, among them, production,
imports and exports of the product and/or the oils used in the
refining process.
The readjustments will continue to be made without a defined
periodicity, avoiding the transfer to domestic prices of the
cyclical volatility of international prices and of the exchange
rate.
The decisions related to commercial strategy will continue to be
subordinated to the Executive Group of Market and Price, composed
by the CEO of the company, the Chief Logistics, Commercialization
and Markets Officer and the Chief Financial and Investor Relations
Officer.
The commercial strategy is aligned with the Internal Market Pricing
Guideline (Guideline) approved by the Board of Directors on July
27, 2022.
The commercial strategy is based on competitive prices per sales
hub, in balance with the national and international markets, taking
into account the best alternative accessible to the customers. This
strategy allows Petrobras to compete more efficiently, taking into
account its market share, to optimize its refining assets, and
profitability on a sustainable basis.
With the change, Petrobras has more flexibility to charge
competitive prices, taking advantage of its better production and
logistics conditions and disputing the market with other players
that commercialize fuels in Brazil, such as distributors and
importers.
Competitive pricing maintains a price level that ensures the
investments foreseen in the Strategic Planning, under the premise
of maintaining the company's financial sustainability. Petrobras
reinforces its commitment to generate value and to its long-term
financial sustainability, preserving its performance in balance
with the market.
The diesel and gasoline price adjustments will continue to be
disclosed in the communication channels to customers and on the
company's website (precos.petrobras.com.br), where information is
also available regarding its share and of the other agents in the
formation and composition of the average fuel prices to the
consumer.
www.petrobras.com.br/ir
For more information:
PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Investors
Relations
email: petroinvest@petrobras.com.br/acionistas@petrobras.com.br
Av. Henrique Valadares, 28 – 9th floor – 20231-030 – Rio
de Janeiro, RJ.
Tel.: 55 (21) 3224-1510/9947 | 0800-282-1540
This document may contain forecasts within the meaning of Section
27A of the Securities Act of 1933, as amended (Securities Act), and
Section 21E of the Securities Trading Act of 1934, as amended
(Trading Act) that reflect the expectations of the Company's
officers. The terms: "anticipates", "believes", "expects",
"predicts", "intends", "plans", "projects", "aims", "should," and
similar terms, aim to identify such forecasts, which evidently
involve risks or uncertainties, predicted or not by the Company.
Therefore, future results of the Company's operations may differ
from current expectations, and the reader should not rely solely on
the information included herein.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
Date: May 16, 2023
PETRÓLEO BRASILEIRO S.A–PETROBRAS
By: /s/ Sergio Caetano
Leite
______________________________
Sergio Caetano
Leite
Chief Financial Officer and Investor Relations Officer
Petroleo Brasileiro ADR (NYSE:PBR)
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