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View Full Version : Petrobras Profit Drops 26% on Government Price Controls, Higher Fuel Costs - Bloomber



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11-11-2011, 06:30 PM
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Petrobras Profit Drops 26% on Government Price Controls, Higher Fuel Costs (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHT-akJMNpHR67PHJpyONaJLI2YfA&url=http://www.bloomberg.com/news/2011-11-11/petrobras-profit-drops-26-on-government-price-controls-higher-fuel-costs.html)
Bloomberg
Petrobras&#39;s profit was curbed by price controls for gasoline and diesel while a weaker local currency increased imported fuel costs, said Auro Rozenbaum, an analyst at Banco Bradesco SA. The company&#39;s gasoline imports quadrupled this year to about ...

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