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Petrobras Cuts Diesel Price to Ease Brazil Trucker Protest

Brazil’s state-led oil company Petrobras on Wednesday temporarily cut diesel prices by 10 percent in order to help the government and truck drivers resolve a protest crippling the nation’s highways. The surprise decision, aimed at resolving a standoff threatening grain exports, industrial output and even fuel supplies at airports and gas stations, will bring immediate relief for angry truckers but raise investor concerns about government interference at Petroleo Brasileiro SA. New...

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