Petrobras should sell fuel directly to large consumers, says Lula

February 17, 2025 11:59 AM EST

FILE PHOTO: A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo

ANGRA DOS REIS, Brazil (Reuters) - Brazil's state-run oil firm Petrobras should consider selling fuel directly to large consumers in order to reduce prices at the pump, President Luiz Inacio Lula da Silva said on Monday, without giving further details on his suggestion.

"The people are being robbed by intermediaries," Lula said as he criticized the 2019 privatization of former state-run BR Distribuidora, now Vibra, the country's leading fuel distributer.

(Reporting by Rodrigo Viga Gaier and Fabio Teixeira; Editing by Gabriel Araujo)



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