Petrobras Falls After Mantega Says No Decision on Fuel Prices
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Petroleo Brasileiro SA, Brazil’s state-run oil company, extended losses after Finance Minister Guido Mantega said a weaker currency won’t prompt an increase in domestic fuel prices.
Rio de Janeiro-based Petrobras fell 1.7 percent to 18.23 reais at the close in Sao Paulo. Losses for the year widened to 6.6 percent, compared with a 15 percent drop in the benchmark index.