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Petrobras president Roberto Castello Branco criticized Tuesday (29) the diesel subsidy policy adopted by the company last year to avoid a rise in fuel prices. The pricing policy was created as a result of a government response to the strike movement of truckers in 2018. It ceased to apply on Jan. 1.
"The intervention in Petrobrás is very bad, it affects the image of Brazil," said Castello Branco during a demonstration in São Paulo. "There is no price policy, there is a market …
Without the subsidy, Petrobras has again adopted the old policy of adjustment of diesel and diesel prices. The readjustments can be daily and take into account the value of the dollar and the international price of a barrel of oil.
"We want the market to prevail", he said. "[19659005] Deleveraging and Expensive Surrender
The Petrobras President added that the company was continuing its deleveraging process, particularly in the refining sector, and the expectation is to complete the onerous badignment process within 30 to 30 days. 60 days.
"The teams of Petrobras and the Ministry of Economy and Energy Mines are determined to conclude this negotiation," said the executive.
Petrobras concluded with the Union in 2010 an expensive disposal agreement that allowed him to explore 5 billion barrels of oil in pre-salt fields in the Santos Basin without bidding. In return, the company paid R 74.8 billion.
However, in the following years, oil prices fell sharply, mainly because of geopolitical tensions and concerns about economic performance. For this reason, the Brazilian oil company claims to have paid the Union a very high value in the 2010 agreement and argues that she has the right to be reimbursed.
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