The Brazilian state oil company Petrobras He said this Monday that he will raise the prices of diesel at the doors of the refineries as of Tuesday.
The measure is announced less than a week after the president Jair Bolsonaro he had urged the company not to raise fuel prices again, arguing that it could bankrupt Brazil and cause what he called a “national upheaval.”
Petroleo Brasileiro S.A.as the company is formally known, said in a statement that diesel prices will rise from 4.51 reais per liter to 4.91 reais (about $0.95) per liter.
Petrobras said the price hikethe first in two months, was needed to align with international diesel prices when global supply is tighter.