Brazilian motorists have rushed to gas stations in Argentina to pre-empt major fuel price hike. Photo: Joa Souza/Shutterstock
After Brazil’s state-owned oil company Petrobras announced an 18.8-percent gasoline price increase this week, residents from the Brazilian border town of Foz do Iguaçu have been crossing into Argentina to fill up their tanks at gas stations. On Thursday, long lines of cars were reported at pumps on the Argentinian side of the border.
Consumers jumping from Brazil to Argentina found fuel some 35 percent cheaper. Furthermore, after Petrobras’s announcement on Thursday, prices at gas stations’ pumps are expected to get around 7 percent more expensive in the coming days.
The Brazilian demand for gas on the other side of the border is not a new phenomenon, and Argentina has already established restrictions to avoid domestic fuel shortages. Now, Brazilian cars can only fill up 15 liters at a time.
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