RIO DE JANEIRO, BRAZIL – The President of the Republic, Jair Bolsonaro, said on Wednesday, June 8, that the federal government will collaborate to contain the rise in fuel prices but that there is not yet an “understanding” with Petrobras on pricing policy.
During lunch with business people at the Commercial Association of Rio de Janeiro (ACRJ), in the center of the state capital, the president also repeated that the government intends to zero the Federal Social Contributions on Gross Revenues (‘PIS and COFINS’) on gasoline and ethanol.
Bolsonaro also cited the bill approved in the House of Representatives that limits the rate on state-level sales tax ICMS on fuels up to 17% as one of the measures that will help contain the rise in prices.
Bolsonaro also said he will not interfere in Petrobras’ pricing policy, “as the PT interfered.” “We will not interfere in Petrobras, as the PT interfered, back there, in the price of gasoline. We will not interfere in the price of electricity, as Dilma did,” he promised.
The text is pending a vote in the Senate that has been under pressure from governors.
“We must collaborate in a difficult moment like this. Unfortunately, we don’t have an understanding with Petrobras. The big oil companies have lowered their profit margin. Here, the opposite is done,” said the president.
Bolsonaro also said he would not interfere in Petrobras’ pricing policy, “as the leftist Workers party PT interfered when it was in power.”
Live Company IntelligencePetroleo Brasileiro Petrobras SA ADR — the full investor dossierInside: live share price, market cap, three-year financials, valuation, ESG and peer benchmarks — plus the latest Rio Times coverage.
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Petroleo Brasileiro Petrobras
NYSE: PBRPETR4EnergyOil & Gas Integrated43,199 employees
$159.11B
Market cap
Analyst target $23.31
Wall Street view
4.4Buy/ 5
11 Buy3 Hold0 Sell
Avg. price target $23.31 · +29% vs 200-day
Valuation & profitability
Market cap$159.11B
Revenue (TTM)$548.49B
P / E ratio6.2
Profit margin24.3%
Return on equity30.3%
Price & risk
52-wk low $10.6552-wk high $25.60
Beta (volatility)-0.23
200-day average$18.06
Revenue trend · 6y
20202025
Latest $88.10B
Ownership
Institutions22.4%
Shares outstanding3.72B
Top holderGQG Partners LLC
Institutional holders5+ funds
Dividend
Yield15.3%
Payout ratio28.3%
Fwd. annual$1.68
What Petroleo Brasileiro Petrobras does. Petróleo Brasileiro S.A. – Petrobras explores, produces, and sells oil and gas in Brazil, China, the United States, the Americas, Asia, Europe, Singapore, and internationally. It operates through three segments: Exploration and Production; Refining, Transportation & Marketing; and Gas & Low Carbon Energies. The Exploration and Production segment explores, develops, and produces…
