Bloomberg News

Brazil Reviews Possible Price Boost by Petrobras, Estado Says

March 25, 2012

Brazil’s government is analyzing whether to allow Petroleo Brasileiro SA (PETR4) to boost fuel prices, O Estado de Sao Paulo reported, citing an interview with Mines and Energy Minister Edison Lobao.

A price increase is more likely because inflation is lower this year than in previous years, Lobao told the Sao Paulo-based daily newspaper. The decision is up to President Dilma Rousseff, Lobao said.

To contact the reporter on this story: Rodrigo Orihuela in Rio de Janeiro at rorihuela@bloomberg.net.

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net.


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