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Brazil's Bolsonaro fires oil executive for refusing to lower prices
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Brazilian President Jair Bolsonaro fired the CEO of the Petrobras oil giant for refusing to lower the cost of diesel and gas on Monday.
Bolsonaro fired CEO Jose Mauro Coelho after the executive warned that slashing the cost of oil would lead to diesel shortages. Coelho served barely two months at the head of the organization, with Bolsonaro having fired his predecessor in April, Reuters reported Monday.
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Brazil, like much of the world, faces spiking inflation and rising gas prices, and Bolsonaro faces re-election in October.