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 pmillard1@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.