Business

How fuel prices behaved this century in Brazil

fuel prices
Traffic jam in Presidente Dutra highway. Photo: N. Antoine

Latin America has glaring infrastructure problems. The region is highly dependent on roadways, meaning that the population is left severely exposed to alterations in fuel prices. Last year, truckers nearly brought Brazil to a complete halt, striking for ten days in protest against the extreme volatility of diesel costs. In Ecuador, fuel price increases sparked a series of demonstrations that led to eight deaths, 1,300+ injured, over 1,000 arrests and the declaration of a state of emergency.

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