The new Minister of Mines and Energy made his first official statement, the issue of inflation will be an important topic in the election, and Pacheco has a meeting with state finance secretaries today to discuss the increasing price of diesel

BRAZIL POLITICS - Report 12 May 2022 by Murillo de Aragão and Cristiano Noronha

Adolfo Sachsida said that he has 100% of President Jair Bolsonaro’s support. He did not mention any change in Petrobras's pricing policy, but said he will ask for studies on legislative bills that deal with the privatization of the company. Regarding the increase in fuel prices, Lula will likely say that the rise in prices is the government's fault and that privatizing will worsen the situation even further, while President Bolsonaro will blame the corruption in the company revealed by Operation Car Wash. Minister of the Economy Paulo Guedes may participate in Pacheco’s meeting with state finance secretaries. The fact is that both Congress and the economic team expected a greater reduction in the price of diesel when a law was passed that changed the ICMS tax on fuels.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.