Brazil's Petrobras holds off on fuel price hike for now, sources say
ReutersJun 23, 2025 4:24 PM
RIO DE JANEIRO, June 23 (Reuters) - Brazil's Petrobras PETR4.SA is closely monitoring geopolitical tensions in the Middle East, which have pushed global oil prices higher in recent weeks, but does not plan to tweak domestic fuel prices for now, two company sources told Reuters on Monday.
The sources, speaking on condition of anonymity, said that the state-run oil giant is waiting for a sustained shift in Brent crude prices before considering any price changes.
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