Weekly Report - 17 March 2022 (WR-22-11)

BRAZIL: Petrobras price hike fuels discontent

Brazil’s state-controlled oil company Petrobras announced a steep increase in the price of fuel last week – its first price jump in nearly two months. The price increase reflected surging oil prices internationally, a consequence of the war between Russia and Ukraine, but it will be sorely felt by Brazilian consumers, who are already feeling the impact of inflation in other areas, and could prove politically perilous for the government led by President Jair Bolsonaro.

End of preview - This article contains approximately 1061 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.