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Bolsonaro affirms that statements by Petrobras CEO will have consequences

By Sabrina Valle and Gram Slattery

RIO DE JANEIRO, Feb 19 (.) – Recent comments by Petrobras Chief Executive Roberto Castello Branco on the possibility of a truckers’ strike will have consequences, Brazilian President Jair Bolsonaro said on Thursday, hinting that “something will happen in Petrobras in the next few days. “

The comments came after Bolsonaro declared a two-month reduction in federal diesel taxes effective March 1 to offset an increase in diesel and gasoline prices announced by the state-owned company in the morning, the fourth. this year.

“In these two months, we will study a way to permanently reduce this tax on diesel to zero: in part to help balance this increase from Petrobras, which is excessive in my opinion,” Bolsonaro said in a weekly broadcast on multiple social media platforms. .

Petrobras declined to comment Thursday night.

Petrobras has been raising fuel prices since a . report on February 5 revealed details of the company’s pricing policy, prompting analysts to downgrade the company’s shares over concerns of a possible risk. political interference.

Bolsonaro did not specify what measures will be taken in the coming days.

“I cannot interfere with Petrobras and I would not, even if something happens at Petrobras in the next few days,” the president said. “Something must change. It will happen.” (Reporting by Gram Slattery and Sabrina Valle; additional reporting by Lisandra Paraguassu and Ricardo Brito in Brasilia; Edited in Spanish by Janisse Huambachano)