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Leftist former president Dilma Rousseff froze fuel prices several times in 2014 and 2015 despite the price of oil increasing at the time. But that state intervention into Petrobras prices ended when Rousseff was impeached in 2016 and removed from office. (Bloomberg)

Bolsonaro appoints army reserve general to head Petrobras

AFP |
PUBLISHED ON FEB 20, 2021 09:10 AM IST
His statements were followed by a sharp drop in the oil company's share prices. They closed down 7.92 percent Friday, with preferred shares down 6.63 percent.
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