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Petrobras hikes gasoline and diesel prices to help with the company's finances

Thursday, October 1st 2015 - 08:51 UTC
Full article 4 comments

Brazil's state-controlled Petrobras unexpectedly increased wholesale gasoline and diesel prices in the domestic market, potentially widening a controversial premium to international prices. The heavily indebted company said that the gasoline price would increase by 6%, and diesel by 4%, as of this Wednesday. Read full article

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  • ilsen

    Emails Link Brazilian Ex-President Lula to Petrobras Scandal
    http://panampost.com/sabrina-martin/2015/10/01/emails-link-brazilian-ex-president-lula-to-petrobras-scandal/

    Oct 01st, 2015 - 05:44 pm - Link - Report abuse 0
  • ChrisR

    DumbAss Dilma fucked Mr. Market by keeping the price of fuels artificially low but he has had his revenge and hasn't stopped yet!

    It always happens thus. The Brazil Nuts don't know who or what the market is though, that much is crystal clear. If only the public would realise it is how THEY act that creates Mr. Market things would really take off.

    Too many illiterates in the population are letting this bunch of crooks off easy.

    Oct 01st, 2015 - 05:51 pm - Link - Report abuse 0
  • ilsen

    “Link[s] Brazilian Ex-President Lula to Petrobras Scandal”
    I have been saying this for a while now. I always knew he was dirty.
    Tik Toc!

    Best that I buy some more yarn, looks like I have some knitting to do, they are already building the guillotine....
    (cackles...)

    Oct 02nd, 2015 - 12:04 am - Link - Report abuse 0
  • Jack Bauer

    So, according to fatty Dilma, PB had to sell gasoline at subsidized prices (losing USD 20 billion in 4 years) in order to curb inflation.... well, that didn't turn out too well, did it ? It is a notorious fact that Dilma forced PB to sell fuel at a loss in order to try to maintain her popularity. Now, decent gas is already costing US$ 1,00 per litre. She is even incompetent when it comes to lying.

    @3 Ilsen
    Lula's involvement will become clearer when the Federal Police conclude their preliminary investigation into the corruption scheme within the BNDES.
    If the bank's name is “NATIONAL” Bank for Economic and Social Development, why was it used to finance international projects for Lula's dictator pals, while doing very little in Brazil ? The answer is quite obvious : an easy way to get billions out of the country and funnel part of them into private bank accounts, Lula's and other PT, PMDB and PP politicians'.

    Oct 02nd, 2015 - 03:43 pm - Link - Report abuse 0

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