In 2021, price of diesel at Brazil’s refineries has increased by 65.5%; that of gasoline by 74.8%
The increase comes amid a threat of a new strike by truck drivers, at a time of intense inflationary pressure...
October 25, 2021Topic
fuel prices
Brazil’s Petrobras Sees Shares Plummet After Price Hike Cancellation
Oil giant, Petrobras, saw its shares plummet on Friday after the company announced it was cancelling a 5.7 percent diesel...
April 13, 2019
March Inflation in Brazil is the Highest in 4 Years
Brazil’s Consumer Price Index (IPCA) increased by 0.75 percent in March, according to a report released on Wednesday by the...
April 11, 2019
Brazil’s Petrobras CEO Resigns, Stock Price Drops 15 Percent
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Trying to ease uncertainty after the resignation of Petrobras...
June 2, 2018
Brazil’s Government and Protesting Truck Drivers Reach Agreement
Although officials announced the suspension of the protest the decision among truck drivers’ associations was not unanimous.
May 25, 2018
Brazilians Brace for Shortages as Truck Driver Protests Continue
Petrobras announced the reduction of ten percent in price of diesel oil but protesters say that is not enough and...
May 24, 2018
Brazil Registers Highest Inflation Rate Since 1996
The inflation rate now accumulates an increase of 8.52 percent for the first ten months of the year, the highest...
November 6, 2015
Brazil’s Inflation Rate for February Highest Since 2005
Gasoline price increases were responsible for one fourth of the IPCA inflation rate increase during the month.
March 6, 2015
Petrobras Forecasts Hike in Production, Exports and Prices
Even with the forecasts of higher production and exports, government likely to increase of domestic fuel prices after October's elections.
August 12, 2014