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Brazil’s Petrobras sustains price policy and urges shelving of investigation

RIO DE JANEIRO, BRAZIL - Petrobras told the Administrative Council for Economic Defense (CADE) that its investigation into the fuel readjustment is irregular and called for the administrative inquiries opened by the council this month to be shelved.

"For all the above, it seems that any concerns about Petrobras' conduct that may have prompted this investigation are unfounded, which is why we request that the CADE's General Superintendence determines its summary dismissal," reads the document sent by the company.

In response to CADE this week, Petrobras also came out in defense of its fuel pricing policy. The statement comprises 45 . . .

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