The minister's order specifically mentions Administrative

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Inquiry currently underway at Cade, and which was reportedly opened "to investigate possible abusive pricing practices in the sale of petroleum derivatives". SpaccaIn reaction to this demand, Cade informed the STF that it requested Petrobras, within the scope of the aforementioned investigation, to send detailed information about the company's pricing policy, specifically considering the Notice to the Market published at the end of July related to the fuel price formation. This statement provides news of the approval of the company's Internal.

Market Pricing Guideline, which "reiterates the competence of the Executive Board in executing price policies, preserving and prioritizing the Company's economic results, seeking EX Mobile Phone Numbers to maximize its value generation" , and "incorporates an additional layer of supervision of the execution of pricing policies by the Board of Directors and Fiscal Council, based on the quarterly report of the Executive Board, formalizing existing practice". These developments raise interesting questions about Cade's role in price control.



After all, from what can be seen from the context and the justifications highlighted so far for the ongoing investigation, the basis for Cade's action in this case would be exclusively a concern regarding the price level practiced by Petrobras in the marketing of its products. In other words, we would be facing the investigation of abusive pricing conduct, which was explicitly excluded from the exemplary list of anti-competitive conduct contained in article 36 of Law No.(Competition Defense Law). This exclusion was made it is important to highlight — precisely due to considerations regarding its incompatibility with Cade’s role.