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Petrobras Informs Investors Fuel Price Policy May Change

BRAZIL
  • Petrobras Tells Investors Its Fuel Price Policy May Change
    • “In the future, there may be periods during which the prices of our products will not be on par with international product prices,” Petrobras says in Annual Report and Form 20-F, filed with the SEC on Wednesday night.
    • “Actions and legislation imposed by Brazilian government, as our controlling shareholder, may affect these pricing decisions”
  • Brazil’s government is considering granting a 5% pay increase to civil servants to help make up for inflation losses, said two people with direct knowledge of the matter.
  • Brazil’s unemployment rate probably rose in February to 11.4% from 11.2% a month earlier, according to economists surveyed by Bloomberg. National statistics agency releases data at 1300BST/0800ET.

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