Petrobras Eyes Return to Retail Fuel Sector to Limit Prices (1)

Petrobrasis considering a return to retail fuel sales after President Luiz Inacio Lula da Silvaand 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.

It’s unclear if such a move would involve trying to fully re-nationalize Vibra or buying a stake in the ...