Oil & Gas

04 Aug 2021

Brazil's Petrobras Undecided on LPG Program

04 Aug 2021  by Reuters   

Brazilian state-controlled oil company Petrobras said on Sunday it has not decided to participate in social programs to fund free LPG bottles to families in need.

Brazilian president Jair Bolsonaro told a TV show on Friday evening Petroleo Brasileiro SA, as the company is formally known, would spend 3 billion reais ($575.5 million) to pay for free LPG bottles to the low-income population.

In the filing, Petrobras said it is part of discussions within the Ministry of Mines and Energy about the issue, but has not defined any participation in programes for vulnerable families. The company also said a decision will be taken according to its governance rules.

Petrobras also said it has paid the Brazilian government 3 billion reais in dividends so far this year. The total payment to all shareholders reached 10.3 billion, Petrobras added.


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