Brazil: Gasoline has doubled in price since 2016
Drivers who fill up with regular gasoline pay 99% more in Brazil since the implemented change in 2016 when Petrobras...
May 17, 2022Topic
Petrobras
Brazil: Bolsonaro says he will “enter Petrobras” because the company has excessive profit
Brazilian President Jair Bolsonaro said he would "enter Petrobras" because the oil company, in his opinion, has excessive profit.
May 16, 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
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
Brazil: Average gasoline price hits record high, liter costs US$1.43
The price of gasoline rose for the 4th consecutive week at the pumps, according to data from Brazil's National Agency...
May 7, 2022
Brazil will face shortage of public buses if diesel price keep rising, says transport association
Brazil's NTU (National Association of Municipal Transport Companies) has warned in a statement that there will be shortages of transport...
May 6, 2022