Brazil Daily

Petrobras price hike allays suspicion of meddling

Today, how Petrobras tries to erase fears of political meddling. The start of Brazil’s vaccination campaigns across the country. And the country’s economic performance.

Timely price bump helps Petrobras erase fears of interference

Brazil’s giant state-controlled oil and gas company Petrobras announced on Monday that it will raise gasoline prices at refineries by nearly 8 percent (or USD 0.028 per liter) to keep up with the international oil market. Since Petrobras’ last change on December 29, Brent prices have risen by around 7.5 percent and the Brazilian Real lost 1.5 percent of value against the U.S. Dollar.

  • The move comes...
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