Brazil’s Bolsonaro fires third Petrobras chief as fuel prices soar
France24 says Brazilian President Jair Bolsonaro on Monday dismissed the president of state oil giant Petrobras, who had been in the job for only 40 days.
Fuel prices in Brazil have increased more than 33 percent in the past year, according to official figures, driving annual inflation of more than 12 percent and hurting Brazilians’ wallets.
Inflation is a central issue as the far-right Bolsonaro seeks re-election in October and trails leftist ex-president Luiz Inacio Lula da Silva in the polls.
“The Federal Government, as controlling shareholder of Petroleo Brasileiro S.A., Petrobras, advises that it decided to make a change to the Company’s presidency,” said the Ministry of Mines and Energy in a statement.
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