Petrobras Hikes Gasoline Prices After Brazil Subsidies Approved

AI Summary

Petrobras has raised domestic gasoline prices for distributors following Brazilian government approval of subsidies aimed at protecting consumers from global crude price increases due to the Iran war. The move impacts fuel costs in Brazil amid international tensions.

Brazil’s oil producer Petrobras is increasing domestic gasoline prices for distributors after the government approved new subsidies to shield consumers from Iran war-fueled crude price hikes.