Brazil Orders Fuel Price Cuts

摘要

The Brazilian government will force state-run oil company Petrobras to lower its fuel prices by as much as 10% to help curb inflation, Energy Minister Edison Lobao said on Wednesday. Petrobras's fuel distribution and retail division BR Distribuidora will reduce retail fuel prices by 6% to 10%, the minister said. Domestic fuel sales typically make up a little more than 40% of Petrobras's annual revenues.