Petrobras announced Coelho's resignation in a statement Monday and said its board of directors would"examine" options for his replacement.
The far-right president said then that the price of petrol -- set by Petrobras but tied to international market movement -- was"unaffordable" and amounted to a"crime" against Brazilians.In May, Bolsonaro dismissed Coelho after just 40 days on the job. He had been waiting to be formally removed at the company's next shareholders' meeting, scheduled for July.
Bolsonaro faces an uphill battle against leftist ex-president Luiz Inacio Lula da Silva , remembered for presiding over a booming economy.
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