“There has been no increase in the salaried remuneration of the (president of Petrobras) or the executive directors since 2016, and none is foreseen this year. The president and the executive board members have no power to increase their own salaries,” Petrobras stated, listing the procedures for corporate governance that must be followed for any such measures.
As the debate about Petrobras fuel prices raged, Bolsonaro criticised the man he appointed in 2019 to lead the oil giant for working from home during the Covid-19 pandemic.
Petrobras is due to announce quarterly results later on Wednesday and Castello Branco is expected to comment on his treatment and the wider question of government interference when he responds to analysts in a conference call scheduled for Thursday.