Petrobras said its board approved joining Brazil's newly announced diesel commercialization subsidy program, pending regulatory details from the country's energy regulator.

A subsidy deployed by the State and a fall in the global prices and shipment costs of petrol, diesel, and kerosene have helped to lower local pump prices marginally, offering relief to consumers.The ...

Finance Minister Purbaya Yudhi Sadewa says the worst-case scenario of domestic crude averaging US$92 per barrel throughout the year could force the government to reduce fuel subsidies or cut spending ...

For the best experience, please enable JavaScript in your browser settings. The State, he said has been forced to further stretch its finances by increasing its ...