The president Jair Bolsonaro stated that the Petrobras (PETR4) will begin this week to announce “small” price reductions for fuels, according to the interview with Poder360.
“Petrobras starts this week to announce a reduction in the price of fuel. This week is already starting to announce”, said the president in an interview to Poder360 published this Sunday on the news website.
“We are now announcing small reductions this week, at first every week, in the price of fuel… Starting this week now. Even because when the (Petroleum) Brent falls this is automatic, it is not a crystal ball or anticipation of privileged information”, said Bolsonaro.
The Brent barrel, a benchmark for Petrobras, completed the sixth consecutive week of low on Friday and accumulates a 19.4% drop since the highs of October.
Bolsonaro also said that the government is doing everything possible to increase oil refining capacity and that, as long as there is no autonomy in the activity, it is not “prudent” to study changes in the parity rules of the commodity price in the international market with local costs of fuels.
In the interview, the president said that he still does not expect reforms in 2022, considering that it would be a year of “lower productivity” because of the elections and that “this is normal”.
Guedes
Asked whether the Minister of Economy would remain, Paulo Guedes, in his team in case of a second term, Bolsonaro replied that the minister’s will is worth it.
“I have nothing against him. It’s his will,” he said.
The president added that no minister who has not spoken about running in next year’s elections has expressed interest in leaving the government.
Source From: Moneytimes
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