Petrobras chief executive quits amid fuel price standoff wit

Petrobras chief executive quits amid fuel price standoff with Bolsonaro

The chief executive of Brazil’s state-owned oil company Petrobras, who has stayed in his post despite last month being fired by Brazilian President Jair Bolsonaro, resigned on Monday after a new fuel price hike that enraged Bolsonaro.
Jose Mauro Coelho is the third Petrobras chief executive to leave since February last year in a standoff between the company and Bolsonaro over fuel prices.
Petrobras announced Coelho’s resignation on Monday.
The company said Fernando Borges — its head of exploration and production — would temporarily take over until government pick Caio Paes de Andrade, a Brazilian Ministry of the Economy official, assumes the top

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