Brazil Daily

Are fuel price controls back in Brazil?

Good morning! The Jair Bolsonaro government has interfered with Petrobras’ fuel pricing policies. Corruption allegations against the House Speaker. The cost of retired civil servants in Brazil. 

Are fuel price controls back in Brazil?

When the new government took over on January 1, it promised to shield Petrobras from political interference. But, fearing the risk of disgruntled truckers calling a strike, the administration asked the state-owned oil and gas company to withhold a coming 5.7% bump in diesel prices (a hike larger than in all of February).

The change was published on Petrobras’ website but was later rectified....

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