Tag: Petrobras

• Friday, March 11th 2022 - 08:41 UTC

  Petrobras increases price of fuel for distributors after 57 days

  

  Brazil's Petrobras has increased the price of refined gasoline and diesel for distributors as of March 11. The average price has gone up to R$3.86 (US$ 0.77) for regular fuel and R$4.51 (US$ 0.9) for diesel.

• Thursday, December 2nd 2021 - 09:55 UTC

  Guedes insists in privatizing Petrobras, since the world is heading for “a green and digital economy”

  

  Brazilian economy minister Paulo Guedes underlined on Wednesday that the announced privatization plan of the government (some 100 companies) must include oil giant Petrobras because the “future is green” and in not so many years time the value of crude will be zero.

• Wednesday, November 24th 2021 - 08:46 UTC

  Bolsonaro favors reviewing Petrobras' formula to adjust price of fuel

  

  Brazil's President Jair Bolsonaro Tuesday said he intended to have Petrobras' international parity system reviewed, although he fell short of disclosing how he planned to go about it.

• Monday, October 25th 2021 - 22:03 UTC

  Fuel goes up in Brazil amid international surge in crude oil

  

  Brazil's oil company Petrobras Monday decreed an increase in the price of gasoline of 7.04% at refineries and 9.15% in the case of diesel fuel, it was announced. These adjustments were to impact the price consumers pay at pumps as of Tuesday.

• Friday, October 15th 2021 - 01:27 UTC

  Bolsonaro now wants Petrobras privatized

  

  Brazil's President Jair Bolsonaro Thursday hinted he might put the national oil company Petrobras up for sale after being criticized for an increase in the price of fuel. During the 2018 presidential campaign, the retired Army Captain said he would only privatize it “if there was no other solution.”

• Friday, July 23rd 2021 - 09:32 UTC

  “The cancer of Brazil is corruption... democracy is solid rock”, outgoing US ambassador

  

  Outgoing United States ambassador before Brazil, Todd Chapman said in an interview with O Estado de Sao Paulo that the threat of not holding elections in 2022, as expressed by some top officials from the president Jair Bolsonaro administration is not a serious problem. “Democracy is a solid rock in Brazil, the cancer is corruption”.

• Wednesday, July 14th 2021 - 09:05 UTC

  Brazilian President supports Cuban demonstrations, signs privatization of Eletrobras

  

  Brazilian President Jair Bolsonaro Tuesday expressed his support for the Cuban people protesting against their living conditions under the Communist Government of Miguel Díaz-Canel.

• Monday, April 19th 2021 - 21:41 UTC

  Brazil's GDP on track to better results than expected

  

  Brazil's Economic Activity Index (IBC-Br), released by the Central Bank and believed to be an omen of the country's Gross Domestic Product (GDP) rose 1.70% in February 2021, against January's figures, it was announced Monday.

• Sunday, February 28th 2021 - 10:35 UTC

  Bolsonaro argues state controlled companies should fulfill a social function

  

  Brazilian President Jair Bolsonaro said that the country’s state-controlled companies should fulfill a social function and any different understanding by their chief executives was unacceptable.

• Thursday, February 25th 2021 - 10:37 UTC

  Bolsonaro praises Economy minister Guedes trying to overcome the Petrobras controversy

  

  Brazilian President Jair Bolsonaro praised his Economy Minister Paulo Guedes as the “anchor” of his government, in an attempt to quash speculation of a deepening division between the two after Bolsonaro last week ousted Petrobras CEO triggering a plunge in markets.