Petrobras Braces for Impact of Bruising Election

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  • State-controlled Petrobras last week cut domestic gasoline prices for the first time this year following significant pressure from Brazil's president.
  • Jair Bolsonaro has vowed to make sweeping changes to Petrobras if he is re-elected in October and has repeatedly pledged to privatize the company.
  • Both Bolsonaro and election rival Luiz Inacio Lula da Silva appear to have a penchant for intervention at Petrobras.

The Issue

Elections, Retail Marketing, NOCs, Policy and Regulation, Diesel/Gasoil, Oil Products, Prices
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