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Petrobras Foz do Amazonas Oil Find Could Avert Brazilian Reserve Decline
Valor Econômico·BR·1 day ago
Petrobras received R$1.03 billion in new installments from Brazil's federal fuel subsidy program, covering gasoline and diesel sales from mid-to-late June. This is a continuation of the government's price stabilization mechanism under Provisional Measure 1,358. The payment supports Petrobras' cash flow and underscores ongoing state intervention in fuel pricing, with implications for fiscal spending and inflation management.