Petrobras Raises Diesel Prices Despite Bolsonaro Complaints
- Brazilian state-controlled producer raises diesel by 8.9%
- Robust profits have prompted calls for discounted fuel
Jair Bolsonaro
Photographer: Andressa Anholete/BloombergThis article is for subscribers only.
Brazil’s state-controlled oil giant Petroleo Brasileiro SA raised domestic diesel prices just days after President Jair Bolsonaro bashed the company for too-high profits.
After holding prices stable since March, Petrobras announced an 8.9% increase in diesel prices for distributors to 4.91 reais a liter ($0.96), it said in a statement Monday. It left gasoline prices unchanged.