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Brazilian oil and fuel large Petrobras will elect a brand new board of administrators on April 13. The personnel change occurs at a second of intense stress — as Brazilians really feel the acute pinch of skyrocketing gasoline costs. A typical 50-liter fuel tank at present prices a 3rd of the minimal wage in some cities, and President Jair Bolsonaro frequently lambasts the corporate for pegging costs to worldwide oil charges.
With the election looming in October, the president is aware of that top gasoline costs will hinder his possibilities of profitable a second time period. Whereas Mr. Bolsonaro has avoided ostensibly interfering with Petrobras…
Entry all of The Brazilian Report
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