Brazil will rise fuel prices to help government managed debt-laden Petrobras

Wednesday, October 15th 2014 - 23:36 UTC

Full article 5 comments

Brazil will maintain plans to raise domestic fuel prices this year, despite a sharp drop in international crude oil prices, to help debt-laden state-run oil company Petrobras, a government source said this week. Read full article

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BOTINHO
“ Petrobras accumulating 8.69 billion Reais of losses in the first half of 2014.”
In the first half of this year alone !!!

Can you see this in private industry ? What moron could allow that to happen ?

What is really going on is that to make up for the government mistakes, the extraordinary losses, and political payoffs and ongoing kickbacks, we are now paying a higher price for fuel, as the rest of the world now pays less.

10 days now before elections.
Oct 16th, 2014 - 05:24 am - Link - Report abuse 0
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Briton
Petrobras sets a new oil and gas production record during September

the previous blog says all is ok.?
Oct 16th, 2014 - 12:39 pm - Link - Report abuse 0
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ChrisR
@ 1 BOTINHO

It is almost as if 'No Money Pepe' has gotten his hand up DumbAss Dilma's culo and is directing her the same as he directs ANCAP, the Uruguayan equivalent.

Incompetence, mismanagement and direct corruption in his 'team' and now the Pratt that lost U$D 300M when he was in charge of ANCAP can't or won't say where it has gone and he is standing with Vasquez!
Oct 16th, 2014 - 06:43 pm - Link - Report abuse 0
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Jack Bauer
What's happened with Petrobrás is nothing other than the result of the political manipulation of the company by the PT government . By artificially keeping fuel prices down (until after the election), they have deprived the company of essential revenue, not to mention the outright stealing.....and all in order to pass on the impression to the generally uninformed public, that the Government is doing it exclusively for the good of the 'people' and that it has everything under control.
As I've said before, I hope the price of gas goes through the roof, and that all the bloody petistas go hungry to keep their tanks full....bunch of free-loaders and thieves.
Oct 16th, 2014 - 08:26 pm - Link - Report abuse 0
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BOTINHO
The answer is to privatize Petrobras.

Hersey no doubt to some, but there is no accountability without it.
Oct 16th, 2014 - 09:20 pm - Link - Report abuse 0
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