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Bloomberg

Petrobras Eyes Return to Retail Fuel Sector to Limit Pump Prices

Petrobras is considering a return to retail fuel sales after President Luiz Inacio Lula da Silva and the state-controlled oil company's top executive complained about high pump prices. Four years after exiting the business now known as Vibra Energia SA, Petrobras' board of directors will meet this week to discuss amending the company's strategic plan to include a presence in the retail sector, according to a person familiar with the matter who asked not to be named discussing private matters.