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Petrobras CEO denies government interference after diesel price hike canceled

https://www.oann.com/petrobras-ceo-denies-government-interference-after-diesel-price-hike-canceled/
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Apr 15, 2019 7:15 PM 6+ day ago

BRASILIA (Reuters) - Roberto Castello Branco, chief executive officer of oil company Petroleo Brasileiro SA, denied there was government interference even after the state-controlled oil company delayed a diesel price hike after a call from President Jair Bolsonaro.

Castello Branco, the CEO of Petrobras, said President Bolsonaro warned him in the call about the risks of a potential new truckers strike if diesel prices rose. "The decision was taken by Petrobras management, no one told the company to cancel the price rise," he said, after leaving a meeting with cabinet ministers at the presidential palace in Brasilia.

Castello Branco met on Monday with Mines and Energy minister Bento Albuquerque, Infrastructure minister Tarcisio Freitas, and Economy minister Paulo Guedes. He said Petrobras ...

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oann.com     1+ week ago

BRASILIA/RIO DE JANEIRO (Reuters) - Brazil's Petroleo Brasileiro SA canceled a diesel price hike on Friday at the behest of Brazilian President Jair Bolsonaro, spooking investors wary of political int...

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oann.com     4+ day ago

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washingtontimes.com     1+ week ago

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oann.com     1+ week ago

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oann.com     4+ day ago

RIO DE JANEIRO/SAO PAULO (Reuters) - Brazilian state-run oil firm Petroleo Brasileiro SA is completely free of political interference and is examining divesting a wide range of assets, including its f...

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reuters.com     3+ mon ago

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af.reuters.com     3+ mon ago

SAO PAULO, Dec 28 (Reuters) - Brazil's Petroleo Brasileiro SA has approved a hedging program for diesel prices in a bid to boost pricing flexibility, the state-run oil firm said in a filing on Friday....

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