Petrobras profits are like ‘rape’, says Brazil’s Bolsonaro

Petrobras recorded a profit of R$44.5 billion (US$8.5 billion) in the first quarter of 2022. This figure was 3,718% higher than in the same period in 2021. At the same time, more than 50% of Brazilian households have descended into poverty due in part to unsustainably high fuel prices.

RIO DE JANEIRO, BRAZIL - Brazil's conservative President Jair Bolsonaro  criticized the profit published by Petrobras on Thursday (5), saying that the state-owned company could no longer raise fuel prices because it would "break Brazil." The statement was made during the weekly live broadcast.

"Petrobras, we are at war! Don't raise fuel prices any further! Your profit is like rape, it's absurd," Bolsonaro said.

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