This Monday (1), after the G20 meeting, President Jair Bolsonaro told journalists that Petrobras will release a new fuel adjustment within 20 days. Despite the president’s projection, Petrobras denied the Brazilian chief executive.
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After affirming the coming of a new increase, still in November, the president returned to classify the ICMS as the main villain of high fuel prices. Petrobras’ pricing policy and its possible privatization were also addressed by the President.
“The priority is the price of fuel. I saw very quickly, I don’t want to talk now, the profit of Petrobras. Petrobras is a state-owned and monopolist. This must not be the policy”, declared President Jair Bolsonaro at an open press conference.
Hours later, however, Petrobras denied the President of the Republic and said that it does not anticipate decisions to readjust fuel prices. In a statement to the market, the state-owned company indicated that there is no decision taken by its Executive Market and Prices Group (GEMP) that has not yet been announced to the market.
According to the oil company, product price adjustments are carried out in the normal course of its business and follow its current commercial policies.
“Petrobras reiterates its commitment to the practice of competitive prices and in balance with the market, while avoiding the immediate transfer of external and exchange rate volatility caused by cyclical events,” said the company in a note.
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