Brazil Daily

Petrobras tries to show independence from political meddling

Good morning! Petrobras tries to show independence from political meddling. Big takes from the Economy Minister. Watering down the pension reform.


Petrobras tries to show independence from political meddling

In an effort to end the latest crisis around its pricing policy, Petrobras announced a 4.8% bump on diesel prices (roughly BRL 0.10/liter). CEO Roberto Castello Branco assured investors of the company’s political independence, but the fact that the hike is smaller than the one Petrobras tried to implement last week (which was blocked by President Bolsonaro) suggests the pricing policy is not entirely immune...

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