Commodities

Petrobras Holds the Line on Brazil Fuel Prices as War Spikes Oil

Magda Chambriard during an interview in New York on March 9. — Magda Chambriard during an interview in New York on March 9.Photographer: Michael Nagle/Bloomberg

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By Mariana Durao, Katie Greifeld, and Romaine Bostick

March 9, 2026 at 5:21 PM UTC

Leia em português.

Petrobras is holding off on retail fuel price increases in Brazil despite the war-driven surge in global oil markets, said Chief Executive Officer Magda Chambriard.