Bill that could reduce the price of a liter of gasoline to R$ 5 is in the final approval phase in the Senate

Waiting for solutions from the Federal Government, senators from Sergipe and Rio Grande do Norte present a Bill that establishes guidelines for pricing policies for the main fuels and cooking gas (GLP)    

The Committee on Economic Affairs of the Senate approved this last Tuesday (7), the Bill No. 1472, authored by Senator Rogério Carvalho of the Workers' Party – PT/SE and rapporteurship by Senator Jean Paul Prates, also of the Workers' Party – PT/RN, which establishes a series of guidelines for policies on the sale of fuels such as gasoline and for cooking gas (LPG). The agenda should be considered on the Senate floor very soon.  

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Senate seeks ways to cushion the prices of the main fuels and cooking gas (LPG), which are essential for the population

The main objective of the senate is to create a kind of fund that can provide a basis to cushion the prices of petroleum derivatives, in cases where there are strong fluctuations in the price of the same in the international market or in price variations at gas stations in Brazilian cities.

According to the authors of the bill, it is possible to reduce at least the average price of a liter of gasoline to a maximum of R$5. in several Brazilian states, and there have already been 7 changes in prices.

SPORTS AND FITNESS – FREE MARKET

Main points of Bill nº 1472 that can reduce gasoline prices

• Establishes new guidelines for the sales price policy for fuels such as gasoline, cooking gas and others;
• Creates the Stabilization Fund for the prices of oil-derived fuels, which must be supplied with resources from export taxes and price variation in relation to the band, not allowing any other budgetary source of resources;
• Considers protection of consumer interests; reduction of external vulnerability; stimulus to use the installed capacity of refineries; reasonableness of domestic prices; reduction of domestic price volatility;
• It stipulates that the prices of petroleum-derived fuels should be based on average international market prices, internal production costs and import costs;
• Establishes a band regime for the prices of petroleum-derived fuels, with a predefined frequency of readjustments and compensation mechanisms;
• Implements progressive export tax rates for crude oil starting at $40 a barrel.

source: Federal Senate)

Numerous criticisms of the project

During the session, some senators criticized the position of the Federal Government in the face of the scenario of high prices of oil derivatives, classified by some of the parliamentarians as an omissive and inert position.

Outraged by the current situation, the senator and one of the authors of the PL, Jean Paul, reported that he is not proposing what he called a “magic solution”, but that he was only seeking to present solutions to the problem, since the government itself did not it achieved. Jean's speech during the session was full of quotes from public hearings held with managers and employees of Petrobras and the Ministry of Economy.

Senator Omar Aziz, an ally of the Bolsonaro government, minimized the situation by saying that the concern should not be from Congress, but from the Government. Aziz also said that, after the approval of the PL in the Commission, the house would expect suggestions from the Government, finishing his speech, saying that suggestions that come from Bolsonaro will be very welcome.