Power

Fuel prices are the next iteration of Bolsonaro’s war on governors

The federal government has come under immense fire for the eye-watering rise in fuel prices. But Jair Bolsonaro is seeking to deflect blame and place the crisis on state governors' doorsteps

fuel Petrobras CEO Joaquim Silva e Luna
Petrobras CEO Joaquim Silva e Luna. Photo: Cleia Viana/CD/CC-BY 4.0

“Everything’s expensive: gasoline, diesel, kitchen gas. What does Petrobras have to do with that? [Tuesday] at 9 am the floor will question how the company’s prices weigh on us all,” tweeted House Speaker Arthur Lira on Monday, announcing a sitting to grill Petrobras CEO Joaquim Silva e Luna on exactly why gasoline and diesel have gotten so expensive in Brazil.

“Petrobras must be reminded that Brazilians are its shareholders,” said Mr. Lira.

As we explained in today’s issue of the Brazil Daily newsletter, markets were rattled by threats of interference in Petrobras’s pricing policy — which since 2016...

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