Petrobras Isn’t Negotiating Fuel Price Increase, Valor Says

Petroleo Brasileiro SA (PETR4) isn’t negotiating a fuel price increase with the government, Chief Executive Officer Maria das Gracas Foster said today, Valor Economico reported on its website.

Energy Minister Edison Lobao said Aug. 8 that fuel prices could be adjusted again this year.

To contact the reporter on this story: Peter Millard in Rio de Janeiro at

To contact the editor responsible for this story: James Attwood at

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