New Petrobras chief backs gradual fuel-price increases

Fuel prices: Average increase necessary, new Petrobras chief says

The new CEO of Brazil's state-controlled oil company Petrobras said the company needs to raise fuel prices to keep in step with higher oil prices, while maintaining the practice of buffering pump prices to shield consumers from short-term volatility.

Newsletter signup


Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?