Petrobras

Petrobras chief resigns after outrage over fuel price hikes

José Mauro Coelho had held the position since April. He was replaced by Caio Mário Paes de Andrade, an official from the economics ministry. Petrobras increased the price of gasoline and diesel by 5.2% and 14.2%, respectively. The chief executive officer of Petrobras, the state-owned energy firm in Brazil, resigned on Monday in response to a reaction led by the

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