Petrobras Gasoline Price Rise Undecided on Inflation
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A gasoline-price increase for Petroleo Brasileiro SA, the state-controlled oil company responsible for supplying Brazil’s fuel consumption, is still undecided as the government weighs the impact on inflation.
Strong revenue from crude exports and an increase in the amount of ethanol mixed with gasoline in June will help compensate Petrobras, as the Rio de Janeiro-based producer is known, for selling imported gasoline and diesel at a loss, Energy Minister Edison Lobao said yesterday in an interview.