Brazil. Petrobras shares fall in the stock market (-10%)

Shares of Petrobras fell more than 10% on the Sao Paulo Stock Exchange during a session on Friday amid political tensions amid another rise in fuel prices, which was strongly criticized by President Jair Bolsonaro. Ordinary shares fell 8.68% at 16:30 local time (19:30 GMT), while preferred shares fell 8.32%, but in the early afternoon fell slightly more than 10% : In the morning, the largest Latin American company Petrobras announced a 5.18% increase in gasoline and 14.26% increase in diesel fuel since Saturday.

These prices have been revised several times since the start of the Ukrainian war in February, but remained stable for 39 days for diesel fuel and three months for gasoline. President Bolsonaro, who is trying in vain to change the company’s pricing policy in relation to the international market, dismissed the third CEO of Petrobras in late May, who was appointed in January 2019 since the beginning of his term. Petrobras CEO խորհրդի Members of the Board of Directors betrayed the Brazilian people. No one understands the profit of Petrobras, which is six times higher than the profits of other oil companies in the world. But these companies have reduced their margin. ” said the head of state in an interview with 96 FM radio.

Heads of Petrobras “Danger of throwing Brazil into chaos.”He insisted, recalling the strike of truck drivers, which caused a major supply crisis in 2018. The Association of Brazilian Car Drivers (Abrava), which represents autonomous truck drivers, said in a voice message. “Indignationin the conditions of rising fuel prices, not ruling out the possibility of a strike. Jair Bolsonaro called for the opening of a parliamentary inquiry into Petrobras և նախագահ’s chairman Arthur Lira, one of his close allies, who called the company’s tariff policy “absurd”.