Brazil Doesn’t Plan to Increase Gasoline Prices, Estado Says

Brazil doesn’t plan to increase gasoline prices at a time the government is working to slow inflation, Agencia Estado quoted Energy Minister Edison Lobao as saying today.

Petroleo Brasileiro SA (PETR4) Chief Executive Officer Maria das Gracas Foster told O Estado de S. Paulo on Feb. 26 that the company needed an increase in fuel prices to compensate for a rise in international oil prices.

To contact the reporter on this story: Peter Millard in Rio de Janeiro at Pmillard1@bloomberg.net

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net

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