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Friday, February 20, 2026

Brazil’s Petrobras to End Market-Friendly Fuel Pricing

SÃO PAULO—Brazil’s state-controlled oil giant, Petrobras, said it would end its yearslong policy to peg the cost of fuel to international prices, dealing a blow to investors as the leftist government of President Luiz Inácio Lula da Silva looks to control inflation. Petróleo Brasileiro, known as …

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