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Brazil Diesel Subsidy Program Threatens Petrobras, Market -fcstone

Brazil diesel subsidy program threatens Petrobras, market -FCStoneBrazil could face a diesel shortage at the end of 2018 or state-controlled oil company Petroleo Brasileiro SA may be forced to eat losses on fuel sales thanks to a diesel subsidy program, analyst and broker INTL FCStone said on Tuesday. The program, unveiled in May to halt a truckers' strike over rising diesel prices, set prices too low and has yet to pay out compensation to most diesel importers, FCStone said in a statement. "Private imports are paralyzed, and Petrobras is practically the only agent bringing the product to Brazil," FCStone said.


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Posted: Tue, 18 Sep 2018 13:41:46 -0400

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Brazil diesel subsidy program threatens Petrobras, market -FCStone
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