RIO DE JANEIRO, BRAZIL - Soaring fuel prices are one of the main factors driving Brazilian inflation, triggering a cascade effect on other prices and criticism of the federal government. In September, Brazil accumulated a 12-month price hike of 10.25%, surpassing double digits for the first time since 2016.
"It's very easy: gasoline increased, it's Bolsonaro's fault. I now want to privatize Petrobras. I'm going to meet with the economic team to see what can be done," the President said during an interview with an evangelical radio station in the Northeast state of Pernambuco.
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