As long as world petroleum prices stay in the triple digits, Petrobras (PBR:US, PETR3:BZ) seems likely to get a helping hand from the Dilma administration in the next four to eight weeks, either via a reduced fuel tax or a fuel price hike. Brazil’s state-run oil behemoth has kept refinery fuel prices level since mid-2009, in line with the government’s long-term policy of keeping prices stable at the pump. Not surprisingly Petrobras shares have also been flat since the beginning of this...
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