Will the Bolsonaro administration use its majority on the Petrobras board to stabilize diesel prices in Brazil?

A discussion about the social function of the state oil company should be brought to the attention of the Board of Directors. The war in Ukraine and the sanctions on Russia are an emergency, which should also be taken into account with regard to the reduction of profit margins.

RIO DE JANEIRO, BRAZIL - The federal government wants to keep Petrobras' diesel oil prices stable in the future. This would be done through the board of directors of the state-owned company, where the Union has 6 of the 11 seats, writes Poder360 newspaper in its latest report.

According to the newspaper, the aim is to force a discussion on the social function of Petrobras, by recognizing that the war in Ukraine has created an unstable environment . . .

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