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Reuters
Reuters
Politics

Brazil's Bolsonaro urges Petrobras not to hike fuel prices, calls its profits margins a 'rape'

FILE PHOTO: Brazil's President Jair Bolsonaro looks on during a ceremony at the Planalto Palace in Brasilia, Brazil May 4, 2022.REUTERS/Adriano Machado

Brazilian President Jair Bolsonaro on Thursday urged state-run oil company Petrobras not to raise local fuel prices again, and compared the company's profit margins to a "rape" of the country.

The far-right leader said during a weekly livestream on social media that a new fuel price hike by Petroleo Brasileiro SA, as the company is formally known, could bankrupt Brazil and cause what he called a "national convulsion".

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