Petrobras
Petrobras cuts diesel price by R$ 0.35 after subsidy ends
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The government ended the R$ 0.35 per liter diesel subsidy on Wednesday. Hours earlier, Petrobras announced a matching cut to keep refinery prices stable.
Petrobras resumed urea production on Thursday, 30, at the Araucária Nitrogenados S.A. (Ansa) plant in Araucária, near Curitiba in Paraná. The facility had been idle since 2020 and required a R$ 870 million investment. The state-owned company aims to cut reliance on imported fertilizers amid the sector's crisis.
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Petrobras shareholders elected a new board of directors on Thursday (16), chaired by Guilherme Mello, executive secretary of the Ministry of Planning and Budget. They also approved a R$8.1 billion dividend payout from 2025 profits.