Brazil to approve Petrobras diesel subsidy payment: source [Reuters]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
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Source: Reuters
Brazil to approve Petrobras diesel subsidy payment: source | Reuters 1 Min Read RIO DE JANEIRO (Reuters) - Brazilian oil regulator ANP is set to approve on Thursday an additional payment of 700 million reais ($170.99 million) to state-controlled oil company Petróleo Brasileiro SA for diesel subsidies, a person familiar with the process said. Earlier this week, ANP said it had greenlighted a payment of 877 million reais to Petrobras, the first for the company since the subsidy program was unveiled in late May to quash a truckers’ strike over high diesel prices. The subsidy plan raised fears of further state meddling in Petrobras, the world’s most indebted oil company, and has spurred a chorus of criticism over its low diesel pricing and lack of timely payment. ($1 = 4.0939 reais) Reporting by Rodrigo Viga Gaier and Marta Nogueira; Writing by Marcelo Teixeira and Alexandra Alper; Editing by Leslie Adler All quotes delayed a minimum of 15 minutes. See here for a complete list of excha
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