Brazil: Petrobras has “cushion” to contribute with fuel re-encumbrance, says Finance Minister

Rate this post

The Minister of Finance, Fernando Haddad, said on Monday (27) that the government can use the “cushion” of Petrobras in the solution to contain fuel prices with the re-encumbrance.

The minister stressed that the state-owned company’s participation would respect the International Parity Price (IPP), Valor Econômico reported.

“There is a cushion [under the PPI] that allows to decrease or raise fuel prices and can be . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Source link

Leave a Comment