Castello Branco defends Petrobras price policy

Roberto Castello Branco, president of Petrobras, once again defended the price policy of the state- owned company, also known as the International Parity Policy (PPI), on Thursday (25).

It is worth remembering that ppi has been the focus of criticism of President Jair Bolsonaro. Castello Branco, in a conference call on the company's results, said: "It is surprising that we pay so much attention to the theme of PPI in the 21st century. Oil is commodity, charged in dollars, there is no escape."

The president also denied that fuel prices are expensive, especially diesel oil. According to him, the situation is exactly the opposite: the amount charged in the domestic market is below the global average.

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