Petrobras Jumps on Possible Gasoline Price Increase
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Petroleo Brasileiro SA, Brazil’s state-controlled oil company, rose to the highest in four weeks after Energy Minister Edison Lobao signaled the government is considering raising regulated gasoline prices.
Petrobras, as the Rio de Janeiro-based producer is known, rose 4 percent to 19.65 reais at the close in Sao Paulo, the highest price since May 22.