said on Friday he planned to tweak the country's fuel price policy, but said investors need not worry.
Prates told journalists he will change the firm's pricing policy, which pegs fuel to global oil prices, but emphasized this does not mean prices will be completely unlinked to the international market. The company's pricing policy was at the center of turmoil during President Jair Bolsonaro's administration. Three Petrobras CEOs were ousted during his term, as fuel price hikes stoked inflation and hurt his popularity.
After Prates takes over the firm, which he said should happen in mid-January, he will present company plans in detail to Petrobras' board of directors and to Brazilians in general.
Next. Means prior is retiring in happy-camper mode.
What is PetroBras? Boulder-holders made of petroleum products?