RIO DE JANEIRO: Brazil’s Petrobras failed to get its third-quarter earnings approved by PriceWaterhouseCoopers (PwC) as the auditing firm demanded wider investigation into a corruption scandal plaguing the state-run oil company, newspaper O Estado de S.Paulo said.
Directors of Petroleo Brasileiro SA, as the oil firm is formally known, halted a board meeting last Friday before making any decisions and rescheduled it for tomorrow, a source told Reuters without providing details. A possible fuel price increase was expected to be discussed on Friday.