Oil prices reached a yearly peak of $97.69 per barrel this Thursday, the highest rate since last August.
In response, Brazil's state-run oil firm Petrobras faces pressure to adjust fuel prices.
According to industry data, Petrobras' gasoline price is 8% lower than global rates. This difference equals about 27 Brazilian cents per liter.
Diesel, the main fuel for trucks, has an even larger gap. It's 18% cheaper than global prices, costing 75 Brazilian cents less per liter.
Another factor is Russia's recent policy. . .
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