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Brazil's Bolsonaro says won't interfere in Petrobras fuel pricing, seeks tax changes

· 02/05/2021 09:08
Brazil's Bolsonaro says won't interfere in Petrobras fuel pricing, seeks tax changes

- Brazilian President Jair Bolsonaro on Friday said he would not interfere in the fuel pricing policy set by state-controlled company Petroleo Brasileiro SA PETR4.SA, but would seek to end volatility by making changes to state and federal taxes.

Bolsonaro said he intended to present a bill to try to make state taxes on fuel more predictable by either closely reflecting refinery prices or by fixing them. Petrobras shares accelerated their rise to 3% after Bolsonaro comments.



(Reporting by Tatiana Bautzer, writing by Stephen Eisenhammer; Editing by Chizu Nomiyama)

((stephen.eisenhammer@thomsonreuters.com; +55 11 5644 7726;))