For the first time since 2008...Petrobras will raise fuel prices.
The announcement was applauded by investors...who boosted the stock in NYC and on the Bovespa.
Wholesale gas will jump 7.9% and diesel by almost 4%.
PBR needs the increase to pay for $237 billion in pre-salt exploration and refinery plans.
ALSO: President Dilma Rousseff reveals how she suffered while attending university... from being tortured for 3 years...1970-73.
She still has trouble chewing because her jaw was dislocated.
AND: President Rousseff is relying on drastic interest rate cuts to spur the economy. Her central bank has cut the benchmark Selic...by 400 bps since August...and may end the year at a historic 7.5%. This is a detailed overview report.