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Brazil's Petrobras changes supervision structure on fuel pricing policy

Brazil's Petrobras changes supervision structure on fuel pricing policy

Reuters · 07/27/2022 12:38
Brazil's Petrobras changes supervision structure on fuel pricing policy

- Brazilian state-run oil company Petrobras PBR A said on Wednesday that its board of directors has approved a supervision structure for its fuel pricing policy, with the board and fiscal committee periodically consulting with executive officers on decisions.

The company said in a securities filing the move represents an additional "governance layer" and that its prices will remain pegged to international rates.

It added that executive officers will remain responsible for the execution of all procedures related to fuel prices, including when and by how much they to be adjusted.


(Reporting by Gabriel Araujo)

((Gabriel.Araujo2@thomsonreuters.com; +55 11 5644 7745;))