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Petrobras Board Uneasy Amid Lack of Fuel Price Hikes

BRAZIL

From the Bloomberg article:

  • The board of directors of Brazil oil giant Petrobras is growing uneasy with the state-run company not adjusting fuel prices even as crude soars, said two people with direct knowledge of the matter.
  • Board members, who are responsible for supervising the firm’s compliance with its pricing policy, are increasingly uncomfortable with political discussions involving Petrobras, the people said, asking not to be named because the talks are private.
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