Why is Petrobras reimbursing winners of the March LPG auction?

Petrobras is reimbursing winners to offset the price effects of the auction, citing an 'exceptional' market context due to the war in the Middle East and remarks from regulatory bodies.

How will Petrobras calculate the reimbursement amount for the March 31 LPG auction winners?

The reimbursement will be calculated as the difference between the winning bids on the March 31 auction and ANP's import prices based on the March 23 and March 27 period.

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