Bolsonaro celebrates drop in gasoline prices after talking about ‘good news’ – 09/01/2022 – News

Bolsonaro celebrates drop in gasoline prices after talking about ‘good news’ – 09/01/2022 – News
Bolsonaro celebrates drop in gasoline prices after talking about ‘good news’ – 09/01/2022 – News

After saying on Wednesday that there would be “good news” related to fuels until next Friday (2), the President of the Republic, Jair Bolsonaro (PL), celebrated on Twitter this Thursday (1), the Petrobras announcement of a new reduction in the price of gasoline as of Friday. During a rally in Curitiba (PR), the reelection candidate stated, in an interview with SBT, that this is the practice of the new president of the state-owned company, Caio Paes de Andrade.

Fabio Rodrigues-Pozzebom/Agência Brasil

“New gasoline price reduction! As of tomorrow, 09/02, the average sale price of gasoline from Petrobras to distributors will go from R$ 3.53 to R$ 3.28 per liter, a reduction of more R$ $0.25 per litre,” wrote the chief executive on the social network.

“From fuels, every week we have good news. Today is Wednesday. I think by Friday there will be more good news because it is being a practice of the new president of Petrobras”, declared Bolsonaro on Wednesday.

This is the fourth time since July that Petrobras has reduced the price of gasoline at refineries, thanks to the drop in the price of a barrel of oil on the foreign market. The price policy practiced by the state-owned company, based on international parity, takes into account the variation of the dollar and the barrel of Brent oil, traded in London.

In addition, fuel prices are lower due to the 17% cap on the ICMS charged in the States on these products. The measure, sponsored by Palácio do Planalto, was approved in Congress on the eve of the election, as well as the constitutional amendment that decreed an emergency in the country to enable the expansion and granting of new social benefits.

On Tuesday, 30, Bolsonaro said at an event organized by the National Union of Entities for Commerce and Services (Unecs) that he never interfered with the price of fuels or Petrobras. “We don’t want to violate the market, we don’t want to interfere,” he said.

Caio Paes de Andrade assumed the presidency of Petrobras on June 28, replacing José Mauro Coelho, who had succeeded General Joaquim Silva e Luna. The military took command of the state-owned company after the resignation of Roberto Castello Branco, the first president of the state-owned company in the Bolsonaro government.

In December last year, the Securities and Exchange Commission (CVM) even opened a process to investigate whether Petrobras, a listed company, had disclosed information about a material fact, which is not allowed. The measure was taken after Bolsonaro’s statements that the state-owned company would reduce fuel prices.

Estadão Content

The article is in Portuguese

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