Petrobras Holds the Line on Brazil Fuel Prices as War Spikes Oil

Petrobras is holding off on retail fuel price increases in Brazil despite the war-driven surge in global oil markets, said Chief Executive Officer Magda Chambriard.

By Mariana Durao, Katie Greifeld, Romaine Bostick · Bloomberg Markets

Petrobras is holding off on retail fuel price increases in Brazil despite the war-driven surge in global oil markets, said Chief Executive Officer Magda Chambriard.