Petrobras, the largest company in Latin Americasaid in a statement that the price of gasoline will fall from 4.06 reais (0.75 dollars) to 3.86 reais (0.72 dollars) per liter, a reduction of 4.93%, starting this Wednesday .
The final price paid by the consumer, to which distribution costs, sales and taxes must be added, is much higher, and depends on each state.
In a statement, the oil company said that this reduction “follows the evolution of international reference priceswhich have stabilized at a lower level for gasoline” and is consistent with Petrobras’ practice “of balancing its prices with the global market“.
The price of fuel, a headache for Bolsonaro
Petrobras’ pricing policy, which takes into account the evolution of the exchange rate and the price of a barrel of oil in the international market, has been the target of criticism from Bolsonaro, who has dismissed three presidents of the company in the last year.
In June, Petrobras raised the price of gasoline by 5.18% and that of gasoline by 14.26%. dieselafter which Bolsonaro accused the company of “betrayal of the people.”
The constant increases in fuel prices, triggered in recent months by the war in ukrainehave a big impact on inflation, seen by analysts as the main threat to Bolsonaro as he seeks re-election in October.
According to the polls, the former leftist president Lula da Silva he would beat Bolsonaro by a wide margin of votes.
In order to curb price escalation, a Bolsonaro initiative to lower fuel taxes was signed into law in mid-June.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
