Petroleo Brasileiro SA Gas Station

Petroleo Brasileiro SA Gas Station

Dado Galdieri/Bloomberg

Petrobras’s borrowing costs have climbed faster than state oil producers Petroleos Mexicanos and Colombia’s Ecopetrol SA this year as fuel-price subsidies erode profits and debt sales aimed at financing a $237 billion investment plan make the Brazilian company the world’s most-indebted publicly traded oil producer.