Petrobras Won’t Cut Diesel Prices Amid Tariff Panic ...Middle East

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Petrobras Won’t Cut Diesel Prices Amid Tariff Panic
source : OILPRICE ( Middle East ) () 71
Brazil’s Petrobras has no intention of cutting diesel prices despite a request by the government to that effect, the company’s chief executive told Reuters this week. Magda Chambriard cited the current international trade situation, which she described as uncertain, saying, “We should not do anything now, while the geopolitical scenario is in such anxiety and turbulence.” The executive was referring, of course, to the tariff war that President Trump is waging on U.S. trade partners as a means of fixing the country’s…

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