Brazilian Transporters demand fuel price reduction

Given the taxes established, Abrava specified that the Brazilian people pay more than US$105 per barrel of oil after the price increase; on the other hand, the oil company's production cost does not exceed US$20.

RIO DE JANEIRO, BRAZIL - The Brazilian Association of Motor Vehicle Drivers (Abrava) filed a lawsuit this Monday before Brazil's Federal District, demanding the suspension of the excessive fuel price policy of the state-owned oil company Petrobras.

According to the Association, the largest oil company, Petrobras, announced an increase of 18.8% in gasoline rates, 25% in diesel, and 16.1 percentage points in liquefied petroleum gas.

Given the taxes established, Abrava specified that . . .

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