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.
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