Brazil's state-run oil company says it has received US$470mn in cash from the sale of Petrobras Chile Distribución to Southern Cross Group.
Regular gasoline prices rose by 14.2% on January 1, high-octane premium gasoline by 20.1%, and diesel by 16.5%.
Having plummeted to 5,000/d in 2003, crude oil production at the La Cira Infantas field has risen to 40,000b/d.
Brazilian hydrocarbons regulator ANP said the consortium relinquished rights to develop the shallow water Piracucá oilfield off Brazil's southeast coast.
BNamericas takes a look at what gas stations across the country will be allowed to charge from January 1, when the government will introduce new price ceilings.
Despite concluding almost US$3bn worth of asset sales in December, Brazil's state-run oil company has fallen US$1.5bn short of its divestment target for 2015-16.