Petrobras working to match domestic and international fuel prices

Monday, July 20th 2015 - 07:17 UTC

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Brazil's Petrobras is working to bring domestic diesel and gasoline prices into parity with international levels in order to attract downstream buyers or partners. The oil and gas giant needs to sell assets to survive a combination of mounting debt, low oil prices and a giant corruption scandal. Read full article

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ChrisR
The good old commie approach of keeping prices low for the peasants, even if the importer has to take a loss.

Meanwhile. the stinking poor are still getting the hand-outs. Where does this money come from?

I wonder if that well know expert on Brazil, Terence Hill aka The Brainless One, can tell us.

Ha, ha, ha. No chance!

The rest of us KNOW what the answer is, don't we?
Jul 20th, 2015 - 01:19 pm - Link - Report abuse 0
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Jack Bauer
He'll be on soon Chris, don't worry.
The PT government obliged PB (as part of their political manipulation of the company) to subsidize fuel prices , keeping them artificially low in order to maintain their (PT) popularity.....no company can operate indefinitely if they sell at a loss.
Jul 20th, 2015 - 10:06 pm - Link - Report abuse 0
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