End of preview - This article contains approximately 662 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
Brazil & Southern Cone - August 2012 (ISSN 1741-4431)
Call that self-sufficiency? Fuel imports up 315%
Brazil declared itself self-sufficient in fuel supply in 2006, but that’s not entirely true. Indeed, if anything it has taken a step backwards in the past few years, with local supply unable to keep up with the boom in domestic economic activity. To date, the federal government has forced wholesalers and distributors to swallow these rising import costs, so as to insulate local consumers and prevent inflation, undermining efforts by the likes of the state oil company Petrobras to bring on more domestic output and refining capacity.
- Has the bubble burst for Brazil’s President Dilma Rousseff?
- Call that self-sufficiency? Fuel imports up 315%
- Mercosur finally welcomes Venezuela to the fold
- ARGENTINA: Peronist pugilism gets one-minute break
- ARGENTINA: From love to hate there is only one step
- ARGENTINA: Turning around?
- CHILE: Government’s reform proposals create complex political battleground
- PARAGUAY: Franco government seeks economic transformation
- URUGUAY: Better figures, but what is it like doing business?
- ECONOMIC OVERVIEW: URUGUAY
- EU stays on the fence over Paraguay