Bolsonaro says Petrobras can “break Brazil” for diesel increases
President Jair Bolsonaro said on Monday, May 30, that Petrobras can "break Brazil" if there are new diesel increases and...
May 30, 2022Topic
fuel prices brazil
Chamber of Deputies President says Brazil needs to end “excessive taxation of essential goods”
RIO DE JANEIRO, BRAZIL - With Brazil's Chamber of Deputies about to analyze a bill that changes the classification of...
May 23, 2022
Brazil is self-sufficient but imports oil because it doesn’t build refineries
Brazil is self-sufficient in petroleum: it produces a daily average of 3 million barrels of oil, a volume more than...
May 20, 2022
Brazil: Bolsonaro promises to go to court to force Petrobras to reduce fuel price
President Jair Bolsonaro said on May 12 that he would go to court to try to force Petrobras (PETR3; PETR4)...
May 13, 2022
Will the Bolsonaro administration use its majority on the Petrobras board to stabilize diesel prices in Brazil?
The federal government wants to keep Petrobras' diesel oil prices stable in the future. This would be done through the...
May 12, 2022
Brazil’s new Minister of Mines and Energy wants to privatize Petrobras
The new Minister of Mines and Energy, Adolfo Sachsida, will commission studies on the privatization of Petrobras
May 12, 2022
Brazil’s Bolsonaro fires Minister Bento Albuquerque over high diesel prices
After challenging the Brazilian president with another diesel price hike, the bosses of state-owned Petrobras are now getting a short...
May 11, 2022
Brazil’s state-owned Petrobras drives diesel prices up by a further 8.9%
Petrobras announced a readjustment of 8.9% in diesel price in the refineries. From May 10, the average price per liter...
May 9, 2022
Petrobras has the highest profit among major oil companies while Brazil’s population is impoverished
Brazil's state-owned company Petrobras, one of the largest oil companies in Latin America, posted a profit of US$8.6 billion
May 9, 2022