Bolsonaro and the Brazilian economy: President talks about the national market and says that the country has one of the cheapest gasoline in the world

The President of the Republic, Jair Bolsonaro, spoke again about the pandemic and the impacts on the national economy. He also stated that the price of gasoline in Brazil is one of the cheapest in the world, ignoring the current situation of the Brazilian market.

The national holiday of Independence Day was marked by new controversies involving President Jair Bolsonaro. During his speech at the Esplanada dos Ministérios, last Wednesday (07/09), the official made some Comment about the economy and the national market. He also pointed out the issue of fuel prices in the country and said that Brazil has one of the cheapest gasoline in the world. 

Comments by President Bolsonaro ignore the current situation of the economy in the Brazilian market, which is not at all favorable 

The participation of the President of the Republic in the speech at the Esplanada dos Ministérios on that holiday was marked by great illusions about the current situation of the Brazilian economy, which is going through a crisis scenario. 

President Jair Bolsonaro said that the country has been growing in terms of its economic data, emphasizing issues such as job creation, controlling inflation and low fuel prices. 

Despite the president's statements, the national territory still faces a delicate and serious moment for the poorest population, since Brazil has returned to the hunger map and the market is highly unstable. 

In addition, the price of gasoline was highlighted as one of the cheapest in the world, ignoring the scenario of instability and problems with the state-owned Petrobras regarding fuel. 

“Brazil reappears with a thriving economy and one of the cheapest gasoline in the world. It has a record of job creation and plummeting inflation”, claimed Bolsonaro, adding that the country respects private property and “fights corruption for real”.

Bolsonaro continued to comment on the national economy at the beginning of the pandemic and said that the country experienced serious difficulties. 

However, he complained about the “wrong stay at home policy”, once again contradicting the recommendations of scientists who defended social isolation.

Finally, he reported that gasoline and the price of other fuels in the country also suffered consequences from international geopolitical problems, with the war between Ukraine and Russia. 

Gasoline prices have been falling in the national market, but it does not reach the positive scenario that the President presented in his speech 

The Brazilian fuel market has been experiencing serious moments of instability throughout 2022, amid price issues International and conflicts between Petrobras and the Federal Government. 

Now, the scenario is stabilizing, as the average price of gasoline fell by 0,8% at service stations in Brazil in the first five days of September, compared to the average at the end of August.

At the beginning of this week, the price of fuel was R$5,46 per liter, according to the survey, encompassing a 7% cut by Petrobras that came into effect on the last 2nd.

In addition, the average decline in the price of a liter reached 12,21%, about R$ 0,76 less in the value passed on to the consumer.

In this way, it is possible to observe a moment of positivity regarding the future of the fuel scenario in the national territory, with perspectives of improvements for the final consumer. 

However, the scenario is still not as favorable to the final consumer as President Bolsonaro claimed during his speech, and there is still a long way to go for further improvements.