Reuters logo
Brazil finance minister: fuel price cut to help against inflation
October 14, 2016 / 5:11 PM / a year ago

Brazil finance minister: fuel price cut to help against inflation

BRASILIA, Oct 14 (Reuters) - Brazilian Finance Minister Henrique Meirelles said on Friday that the decision by the state-run oil company Petrobras earlier in the day to cut fuel prices would have a positive effect on reducing inflation.

Petroleo Brasileiro SA, as the company is known officially, said it would cut wholesale fuel prices as part of a new policy tracking international benchmarks more closely after politically driven pricing cost the company billions in recent years. (Reporting by Marcela Ayres; Writing by Reese Ewing; Editing by Chris Reese)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below