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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 as a result of the government's mispriced subsidy program which has discouraged suppliers, and the state-controlled oil company Petroleo Brasileiro SA may be forced to sell diesel at a loss, broker INTL FCStone said on Tuesday. Brazil's oil industry regulator ANP said it approved the payment of 871.5 million reais to Petrobras on Tuesday to compensate for the diesel subsidy.


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Posted: Tue, 18 Sep 2018 19:38:37 -0400

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