In
an
interview
with
Brazil's
Estado
de
Sao
Paulo
newspaper
less
than
two
weeks
into
the
job,
Maria
das
Gracas
Foster
emphasized
the
importance
of
increasing
domestic
refining
capacity
to
reduce
Brazil's
exposure
to
price
fluctuations
on
international
oil
markets,
Reuters
reported.
Brazil's
government
has
held
the
price
of
gasoline
for
drivers
largely
stable
for
the
past
eight
years.
Petrobras
benefits
when
oil
prices
fall
below
the
relative
price
level
the
government
has
set,
but
loses
when
world
oil
prices
climb
above
the
levels
on
the
domestic
market,
forcing
losses
on
the…