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Brazil’s securities regulator to probe Petrobras after Bolsonaro’s statement on fuel prices

RIO DE JANEIRO, BRAZIL - Brazil's Securities and Exchange Commission (CVM) on Monday, December 6, opened an administrative proceeding involving Petrobras after President Jair Bolsonaro on Sunday announced that the state-owned company would lower fuel prices until the end of December.

Case number 19957.010061/2021-47 concerns the supervision of news, relevant facts, and press releases, and was opened by the agency's Company Monitoring Management 1 (GEA-1), which is expected to examine recent . . .

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