Brazil's State Oil Company to Resume Biodiesel Production in Ceará State

LootboxPhobia · 2026-03-20T21:57:12+00:00

Brazil's state-owned oil company CEO Magda Chambriard announced that the company will resume biodiesel production in Ceará state, stating that the fuel pricing policy is effective in preventing international market volatility from affecting domestic prices.

LootboxPhobia

2026-03-20 21:57:12

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Investing.com – Petrobras CEO Magda Chambriard said on Friday that the company will resume biodiesel production in Ceará state in northeastern Brazil.

Chambriard stated that the company’s fuel pricing policy is working. She reiterated that Petrobras will strive to prevent international market fluctuations from passing through to domestic fuel prices.

The CEO said that the company has been able to avoid passing international market fluctuations onto local prices.

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