By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Hours after posting the increase in diesel fuel prices on its website, Petrobras, Brazil's oil giant, reversed its decision, stating that it was "delaying the increase for a few days." According to local media, the decision not to increase prices was due to pressure from the Bolsonaro administration, which is concerned about a new truckers' strike.

Yesterday afternoon, the oil giant announced it was going ahead with the increase in diesel fuel prices at its refineries by 5.74 percent, from R$2.1432/liter to R$2.2662 . . .

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